- ‘Welcome to the edge of freedom’: Biden’s boots touch down in DMZ
- Obama: Hole U.S. ‘digging out of’ requires billions more in unemployment benefits
- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- World mourns Nelson Mandela and celebrates his life; burial set for Dec. 15
- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
HP’s 1Q results top analyst forecasts
SAN FRANCISCO (AP) - Slumping personal computer maker Hewlett-Packard has shown signs of progress in its latest quarter, even though its earnings dropped 16 percent.
The fiscal first-quarter results announced Thursday topped the forecast of Hewlett-Packard Co.’s own management, as well as stock market analysts.
That could raise hopes that HP’s turnaround efforts are running ahead of schedule. CEO Meg Whitman has consistently said it may be several years before HP is on solid ground again.
HP earned $1.2 billion, or 63 cents per share, in the three months ending in January. That compares with nearly $1.5 billion, or 73 cents per share, at the same time a year earlier.
Revenue fell 6 percent to $28.4 billion.
It’s the sixth consecutive quarter that HP’s revenue has dropped from the previous year.
- Bill OReilly reminds: Nelson Mandela was a communist
- Spike in battlefield deaths linked to restrictive rules of engagement
- Obama administration issues permits for wind farms to kill more eagles
- Obama: Hole U.S. 'digging out of' requires billions more in unemployment benefits
- Craigslist killers: Police say newlyweds stabbed man for thrills
- 'Dude, I'm dreading that I will have to go': Czech prime minister on Mandela funeral
- Kill team: Obama war chiefs widen drone death zones
- Rush Limbaugh: Obama trying to make Mandela death about himself
- NAPOLITANO: Pope Francis should be saving souls, not pocketbooks
- John Boehner says GOP should support gay candidates: I do
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