Hewlett's shares surge on strength of earnings report
Article Abstract:
HP announces earnings of $790 million for 1st qtr FY 1996, the equivalent of $1.50 per share and well above the $1.35 per share expected by analysts. The earnings are 31% higher than the $602 million earned in the same quarter in FY 1995. Revenues for the quarter total $9.29 billion, a 27% increase from the $7.3 billion made in 1st qtr FY 1995. Analysts attribute the results to consistent performance across all product lines and particularly strong sales of servers and printers. Observers say the company's electronic testing and measuring equipment business rebounded, growing 30% in the quarter. Orders for 1st qtr FY 1996 total $10.1 billion, a 29% increase, with domestic orders growing 24% to reach $3.9 billion. International orders are up 32% to $6.2 billion, accounting for 61% of all orders. HP's stock rose $9 to close at $95.25 on Feb 16, 1996.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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Hewlett-Packard stock soars on profit surge
Article Abstract:
HP shares increased by 10% in value on Feb 16, 1995 following reports of outstanding 1st qtr financial results. HP logged a 64% rise in earnings and 29% revenue growth for the FY 1995 qtr ending Jan 31, 1995. Share prices rose $10.50 to close at $115.875. HP 1st qtr earnings are $602 million or $2.30 per share, up from $368 million in the year-ago period. Revenue climbed from $5.68 billion to $7.30 billion. Wall Street estimates for the company's share value are off by about 30% and now analysts are predicting that HP will meet its 1996 goals of $8.33 per share in 1995. HP's strong growth occurred across all product lines and sustains a steady 20% growth rate, which experts say is phenomenal for such a large company. Orders for HP products have increased 26% from the previous year and total $6.1 billion.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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Hewlett trims its forecast for quarter
Article Abstract:
HP CEO Carly Fiorina forecasts revenue growth close to 10% for the quarter. Previously, HP was predicting earnings to increase by 13%. Ms. Fiorina announced the reorganization of the computer maker's server unit, and modifying the compensation and incentive plan for its sales force. HP is also anticipating microchip shortages because of the earthquake in Taiwan, home to many of its suppliers.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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