Wednesday, May 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG Display and Google Develop an 18 megapixel 4.3-inch 1443 ppi 120 Hz OLED display for VR
IBM Crypto-Anchor Verifier, an AI-enabled Scanner for Visual Clues that Prove an Item's Authenticity
Facebook Marketplace Lets you Find House Cleaners, Plumbers
Samsung Display Showcases Future Display Technologies SID 2018
Toshiba's Twin-Field Quantum Key Distribution Extends the Limit of Intercity Secure Communications
Next Generation A12 iPhone Chips Are Already in production On TSMC's 7nm Process
Samsung Details Foundry Plans, 3nm Gate-All-Around FETs Coming in 2021
HTC U12 Plus Comes With Pressure-sensitive Buttons and Dual Front Cameras for $799
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > HP's 2Q...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 22, 2013
HP's 2Q Earnings Down Again


Hewlett-Packard's earnings keep dipping as the world's largest personal computer maker scrambles to meet the demand for more affordable mobile devices.

According to the company's quarterly earnings report released Wednesday, for the second quarter, net revenue of $27.6 billion was down 10% year over year and down 9% when adjusted for the effects of currency.

"We beat the upper end of our non-GAAP diluted EPS outlook for the quarter by $0.05 per share, driven by better than expected performance in Enterprise Services and Printing, coupled with the accelerated capture of restructuring savings and improvement in our operations," said Meg Whitman, HP president and chief executive officer.

"I am encouraged by our performance in the second quarter, and I feel good about the rest of the year," added Whitman. "As I have said many times before, this is a multi-year journey. We have a long way to go, but we are on track to deliver on our fiscal 2013 non-GAAP diluted earnings per share outlook."

For the third quarter of fiscal 2013, HP estimates non-GAAP diluted EPS to be in the range of $0.84 to $0.87 and GAAP diluted EPS to be in the range of $0.56 to $0.59. Third quarter fiscal 2013 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.28 per share, related primarily to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.

For the full year fiscal 2013, HP estimates non-GAAP diluted EPS to be in the range of $3.50 to $3.60 and GAAP diluted EPS to be in the range of $2.50 to $2.60, in line with HP's previously communicated outlook. Full year fiscal 2013 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $1.00 per share, related primarily to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.

HP earned $1.1 billion, or 55 cents per share, during its most recently completed quarter.

If not for certain items unrelated to its ongoing business, the company said it would have earned 87 cents per share in its fiscal second quarter.

HP's revenue totaled $27.6 billion.

HP is added to the list of the companies which were slow to respond to the shift and then stumbled trying to catch up with Apple and other manufacturers such as Samsung Electronics that make devices running Google's Android operating system.

HP is now selling tablets running on Android and a recently introduced version of Windows, but it hasn't re-entered the smartphone market yet.

The company's revenue in the PC division that sells PCs fell 20 percent in the latest quarter.

Printers are also falling as services reduce the need for information on paper.


Previous
Next
Twitter Now More Secure With Login Verification Service        All News        The ASUS Transformer Book TX300 Now Available
Twitter Now More Secure With Login Verification Service     General Computing News      Clearwire's Board of Directors Approves Offer From Sprint

Get RSS feed Easy Print E-Mail this Message

Related News
HP Announces New Lines of Laptops, Desktops and All-in-Ones
HPE Releases New Generation HPE Nimble Storage Platform
HP Introduces a new line of Gaming PCs
HP Introduces the HP Chromebook x2 $599 Detachable
HP Debuts New High-Performance Workstations
HPE and Dell Server Sales Soar in Q4
HP Launches Device as a Service for Apple
HP Delivers Revamped Elitebook and Zbook Lines, Additions to 4K monitor lineup and New Thunderbolt Dock G2
HP Boosts Performance of Z4 Workstation, Unveils VR Windows Mixed Reality Headset
CES 2018: HP announces the HP ENVY x2, HP Spectre x360 15, HP Z 3D Camera
HP Recalls 50,000 Laptop Batteries
HP Patches New Keylogger Software in its Laptops

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .