H-P nearly hits period forecasts;order-rate falls

Article Abstract:

HP's revenue and profit levels for its 3rd qtr ending Jul 31, 1996, came close to expectations, but the company's order rate declined. The drop in orders could be an indication that HP's long period of outstanding growth may be coming to an end. The company reported a profit of $425 million for the quarter, which is 26 percent lower than the $576 million of last year's same period. HP's revenue increased 18 percent to $9.1 billion. The company has routinely reported 20 percent or 30 percent growth for several years, but has been warning investors that this could not continue indefinitely. The international technology leader has nearly $40 billion in annual sales, but has continued to report growth rates normally associated with a start-up company. The 3rd qtr earnings included a $135 million charge related to its disk-drive business.

Computers, Electronic Computer Manufacturing, Growth, Company growth, Company Earnings Profit, Company Sales Revenue

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Hewlett posts strong results for 2nd period

Article Abstract:

HP reports strong earnings and an increase in revenue and orders. Net income for the 2nd qtr, ended Apr 30, 1993, was $347 million, or $1.38 a share, which compares with $323 million, or $1.27 a share, in the same period in 1992. Per-share earnings were 15 percent higher than the mean estimate of financial analysts. Revenue was $5.1 billion, up more than 21 percent from 2nd qtr 1992's figure of $4.2 billion. Orders were up 28 percent, to $5.4 billion. Overall, the news is taken to signify the possibility of an end to HP's profit-margin rut. The company's stock responded by rising $5.125, closing at $84.75 a share on May 18, 1993.

Computer peripheral equipment, not elsewhere classified, Outlook, Financial Report, First Quarter

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Hewlett-Packard's net tumbled 18% in fiscal 4th period

Article Abstract:

Hewlett Packard Co's fiscal 1990 4th qtr earnings fall 18 percent as revenue increases by six percent. Discounting and a rise in operating costs contribute to the loss in earnings. The computer maker reports a net income of $202 million, or 83 cents a share, as compared with $246 million, or $1.04 a share, for the same period in 1989. Orders for the 4th qtr of fiscal 1990 rose 10 percent to $3.46 billion up from $3.15 billion in the same period in 1989. A weak US dollar overseas contributes to an eight percent rise in operating expenses. Hewlett Packard remains committed to increasing revenue and reducing expense structures.

Computer Industry, Financial Stability, Fourth Quarter

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