Winnipeg Free Press - PRINT EDITION

HP's picture looks brighter

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SAN FRANCISCO -- Slumping personal-computer maker Hewlett-Packard Co.'s latest quarterly results provided a glimmer of hope after months of gloomy news.

The fiscal first-quarter numbers announced Thursday topped the forecast of HP's management, as well as stock-market analysts.

That's an about-face from the previous two quarters, when HP announced losses totalling $15.3 billion.

The company's stock price surged $1.09, or 6.4 per cent, to $18.19 in extended trading.

HP earned $1.2 billion, or 63 cents per share, in the three months ending in January, a 16 per cent decrease from nearly $1.5 billion, or 73 cents per share, at the same time a year earlier.

-- The Associated Press

Republished from the Winnipeg Free Press print edition February 22, 2013 B7

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