HP Earns 48 Cents a Share

Whaddaya know? Hewlett-Packard (HPQ) earned 48 cents a share for its fiscal first quarter. The (cough) estimate was for (cough) 44 cents a share. Now HPQ shareholders should be happy, right?
Sorry to spoil the party. Those estimates were low-balled (as I said yesterday). The important number to look at is sales, which rose just 5.6%. The company guided higher for next quarter on the bottom line, but not for revenues. I wonder if that’s some sort of hint.

Posted by on February 15th, 2006 at 4:34 pm


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