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HP Inc. Message Board

  • olio olio Feb 17, 1998 3:04 PM Flag

    Just out .86 vs .87

    Missed again - but this shouldn't hurt, unless there's something negative in the report.

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    • Can anyone post an after hours quote. If the conference call went well we may even see a rise tomorrow.

    • I think that considering Asia and all of the competition out there that the figures look good. Who are these analysts anyway?

      HP did a good job and CNBC says that they said they had a strong quarter. They are usually very conservitive in their remarks.

      I think all in all it's good.

    • Looks like we are going to bounce along the 60 line for another
      3 months. What do you think?

    • HP REVENUE RISES 15 PERCENT; ORDERS INCREASE 13 PERCENT;

      EARNINGS UP 2 PERCENT IN FIRST QUARTER



      PALO ALTO, Calif., Feb. 17, 1998 -- Hewlett-Packard Company (NYSE: HWP) today reported a 15 percent increase in net revenue, an order increase of 13 percent and 2 percent growth in earnings for the 1998 fiscal year's first quarter, which ended Jan. 31.

      Net earnings this quarter were a record $929 million, compared with $912 million in the first quarter last year. Earnings per share (EPS) on a diluted basis (1) were 86 cents on approximately 1.08 billion shares of common stock and
      common-stock equivalents outstanding. This compares with diluted EPS of 87 cents per share on approximately 1.05 billion shares and equivalents in the first quarter last year. The 1 cent decline in diluted EPS was due primarily to an increase in the number of outstanding shares of common stock and equivalents.

      "We're quite pleased with this quarter's results," said Lewis E. Platt, HP chairman, president and chief executive officer. "Many parts of the company did well in an extremely challenging environment. Despite currency effects, we achieved very good revenue and order growth. Our profit margins were healthy, and overall this was a solid start to the year."

 
HPQ
14.37-0.03(-0.21%)Aug 25 4:01 PMEDT