News

Hewlett Packard Hikes 2Q Outlook

Computer and printer maker Hewlett Packard Co. lifted its second-quarter forecast on Tuesday, citing strong results in its personal computer and server businesses.

HP said it decided to update its guidance after an internal e-mail with financial details of the quarter was accidentally sent to someone outside the company.

The company now expects second-quarter net income of 64 cents to 65 cents per share -- or 69 cents to 70 cents excluding amortization costs. HP projects sales for the second quarter will range from $25.5 billion to $25.55 billion.

The company projected in February second-quarter earnings of 57 cents to 58 cents on roughly $24.5 billion in revenue. Excluding one-time costs, the company had forecast profit of between 63 cents and 64 cents per share for the quarter. Analysts expected earnings, on average, of 65 cents per share on $24.58 billion in revenue, according to a Thomson Financial survey.

Shares of HP rose $1.20, or 2.7 percent, to $45 in premarket trading, after they closed at $43.80 on Monday.

Featured

  • Windows 10 Mobile To Fall Out of Support in December

    Microsoft will end support for the Windows 10 Mobile operating system on Dec. 10, 2019, according to an announcement.

  • Get More Out of Your Outlook Inbox with TakeNote

    Brien comes across a handy, but imperfect, feature in Outlook that lets you annotate specific e-mails. Its provenance is something of a mystery, though.

  • Microsoft Resumes Rerelease of Windows 10 Version 1809

    Microsoft on Wednesday once more resumed its general rollout of the Windows 10 version 1809 upgrade, also known as the "October 2018 Update."

  • Microsoft Ups Its Windows 10 App Compatibility Assurances

    Microsoft gave assurances this week that organizations adopting Windows 10 likely won't face application compatibility issues.

comments powered by Disqus
Most   Popular

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.