Hewlett-Packard quarter net jumps 42%

Article Abstract:

HP reported that profits rose 42% for 4th qtr FY 1995, but its stock fell anyway as investors shied away from the company's lower profit margin. Earnings were $678 million, higher than analysts had forecast, with much of the increase coming from personal computers. Fourth quarter profits equaled $1.29 a share, in comparison with the 92 cents per share, or $476 million earned in 4th qtr 1994. Revenue reached $9.05 billion, up 29% from the $7 billion made in 4th qtr 1994. The company had $8.8 billion in orders for 4th qtr 1995, an increase of 27% over the previous year. Expenses rose as well, with the cost of goods for the quarter reaching 65.3% of revenue, while in 4th qtr 1994 the cost of goods was 62.2% of revenues. The higher cost of goods drove HP's stock down $4.74 to $88.50 per share on Nov 17, 1995. HP stated that the increase in the percentage of PCs sold drove costs up, since PCs have a lower profit margin than other products.

---

Hewlett net trails analysts' expectations; shares at $105.25, ending down $8.50

Article Abstract:

HP earned $723 million in 2nd qtr 1996, a 25.3% increase from earnings in 2nd qtr 1995 but still lower than analysts had forecast, causing the company's stock to decline. HP's growth and reputation as a technological innovator are causing it to assume IBM's role as the market leader for the computer industry. Because of this, news from HP tends to incite an exaggerated reaction. HP's earnings totaled $1.37 per share, up from the $1.10 per share or $577 million earned in the same quarter in 1995. Revenue increased to $9.9 billion, up 33.8% from the $7.4 billion earned in the prior-year quarter. HP attributed the below-forecast earnings in part to product delays in the workstation and disk drive product lines, which led to inventory discounts and write-offs. Orders for the quarter grew 24%, from $8.1 billion in 2nd qtr 1995 to $10.1 million in 1996. HP's stock closed down $8.50 at $105.25 on May 16, 1996.

---

Hewlett-Packard profit up 15% exceeding estimates; company warns on new quarter's growth

Article Abstract:

HP exceeded the forecasts made by Wall Street analysts in the 1st qrt of its fiscal year by reporting an increase in earnings of over 15%. The company's successful quarter can be attributed to an improvement in expense and cost management, which allowed HP's earning to increase faster than its revenue. In the quarter, which ended Jan 31, 1997, HP made $912 million, compared to the $790 million earned in 1st qtr of 1996. Revenue rose to almost 11% to $10.3 million from $9.3 million. The fiscal year's 1st qtr orders were up by 9% to $11 billion from the previous year's $10.1 billion. HP's CEO Lewis Platt stated the company's challenge was to keep the momentum in the company's rapidly growing sectors and to work to improve areas where growth has slowed.

Similar abstracts:

• Abstracts: Hewlett's shares surge on strength of earnings report. Hewlett trims its forecast for quarter. Hewlett-Packard stock soars on profit surge
• Abstracts: The Apple clones are coming! The clones are coming! Hewlett-Packard earnings up by 41.4% in 2d quarter; shares close down $1.50, to $69.50
• Abstracts: Compaq, Dell and Hewlett-Packard gain market share while others lose ground. Price war puts powerful PCs closer to home
• Abstracts: Microsoft manages to post record quarterly earnings. Higher results are reported by Microsoft; earnings again top analysts' estimates
• Abstracts: Florida subpoenas data of Packard Bell; marketing method studied as 12 states examine used-parts allegations. Apple Computer again far exceeds analysts' expectations of earnings

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.