Monday, February 08, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Kingston Buys USB Technology and Assets of IronKey from Imation
LG'S Flagship SIGNATURE OLED TV Now Available In The U.S.
Imagination Tech CEO Steps Down As Company Reports Losses
Google Has A Gear VR Competitor In The Works: report
Sony Xperia Z5 and Xperia Z5 Compact Are Now Shipping In The U.S.
Following Outcry, Twitter's Dorsey Says Live Tweets Are Here To Stay
Samsung Files Patent For A Vein-authentication System On A Smartwatch
BlackBerry Cuts 200 Jobs To Trim Costs
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
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 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 Unveils $199 Chromebook For Education
HP Delivers New Sprout Pro For Education
HP Spectre x360 Gets 4K OLED Display, EliteBook Folio Notebook Updated
Hewlett Packard Enterprise Delivers New IoT Solutions
HP Profit Lower Than Expected
HP And Titan To Develop New Smartwatch
Updated HP Elite x2 Tablet Built for Business
HP Unveils Storage and Cooling Solutions For Desktop Workstations, Quad Core Workstation Ultrabooks
HP's Chromebook Gets A Makeover With High Resolution Displays and Colors
Dell, HP, Intel, Lenovo and Microsoft Unite to Promote The PC
HP and 3M to Combat Visual Hacking With Integrated Screen Privacy Solution for PCs
HP Unveils Windows 10 Computers In New Form Factors and Designs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .