Hewlett-Packard Company (NYSE:HPQ) Earnings Lined Up, Income Low


Dallas, Texas 08/27/2013 (Financialstrend) – Hewlett-Packard Company (NYSE:HPQ) announced its quarterly results for the period ended June 30, 2013. The tech giant posted EPS of $0.86 in the details. Revenue during the period stood at $27.23 billion.

In the run up to the declaration of this report market experts following the company were on the lookout for EPS of 86 cents by consensus. Income for the firm’s 3rd financial quarterly period was anticipated to stand at $27.3 billion.

During the corresponding period of last year, Hewlett-Packard Company managed to register EPS of $1, whilst income stood at $29.7 billion. The globe’s biggest computer manufacturer, is witnessing unsatisfactory declines in biz as the PC market falls and it’s other biz sections prove less than swift on takeoff.

Strategy declaration

Hewlett-Packard wants to lift up the slack left in the personal computer market in novel business. One of its leading expectations has been the enterprise segment; however that proposal has not played out speedily enough for capitalists. The company’s shares dropped over 40 per cent during the last 5 year period, though progressions have been made in the current year.

Hewlett-Packard share triumph

Since the commencement of 2013, the shares of Hewlett-Packard have added around 80 per cent in value. In spite of the decline in proceeds, and the resulting drop in earnings, investors seem confident that the company will manage to change itself into a firm which would be able to cope with a rapidly altering technology market.

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