May 21, 2013 Sections
Winnipeg Free Press - PRINT EDITION
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