View desktop version of our site
May 21, 2013 Sections
Business
Winnipeg Free Press - PRINT EDITION
HP's picture looks brighter
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
More Business
Return to Business
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.