Brief: Hewlett-Packard Tops Estimates

SAN MATEO (08/18/2000) - Hewlett-Packard Co. this week reported higher-than-expected third-quarter earnings, citing its aggressive Internet approach as well as growing PC demand as reasons for increased revenue. For the period ending July 31, the Palo Alto, Calif.-based vendor reported net income of US$1.04 billion on net revenue of $11.8 billion, increases of 23 percent and 15 percent, respectively, year over year.

Diluted earnings per share were 99 cents, up from 66 cents in the same period a year ago. First Call/Thompson Financial polled 20 analysts who predicted earnings per share of 85 cents.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

More about First CallHewlett-Packard Australia

Show Comments