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Hewlett-Packard 3Q profit beats expectations Options
fuzzymind
Posted: Tuesday, August 19, 2008 6:41:03 PM
Rank: Member

Joined: 7/15/2008
Posts: 23
Hewlett-Packard quarterly profit rises

SAN FRANCISCO, Aug 19 (Reuters) - Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz), the world's biggest computer maker, reported a higher quarterly profit on Tuesday on strong international sales in its notebook computer and printer businesses.

HP reported net income for the fiscal quarter ending July 31 of $2.5 billion, or 80 cents a share, up from $1.78 billion, or 66 cents per diluted share, in the year-ago quarter.

Revenue rose 10 percent to $28.0 billion, ahead of Wall Street expectations of $27.43 billion.

The Palo Alto, California-based company forecast fiscal fourth-quarter profit of 95 cents to 97 cents a share on revenue of $30.2 billion to $30.3 billion.

Revenue from outside the United States accounted for 68 percent of the total. Adjusted for currency exchange rates, Europe, Middle East and Africa revenue rose 5 percent and Asia Pacific revenue rose 8 percent. Revenue in the Americas rose 3 percent. (Reporting by Robert MacMillan and Eric Auchard, editing by Richard Chang)

http://www.reuters.com/article/marketsNews/idINWNAB774520080819?rpc=44
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