HP earnings beat targets

Iria · Aug 16, 2006, 09:45 PM

Source: News.com
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Hewlett-Packard, the world's No. 2 maker of personal computers, said on Wednesday that quarterly profit surged from a year earlier, when it had a tax charge for repatriating foreign earnings.

Net income for the third fiscal quarter, ended July 31, was $1.38 billion, or 48 cents per share. That's a rise from $73 million, or 3 cents per share, a year earlier, when HP had a charge of almost $1 billion, mainly in taxes, for returning income earned abroad. Revenue advanced to $21.9 billion from $20.8 billion.

Aug 16, 2006, 09:45 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	HP earnings beat targets Source: News.com ________ Hewlett-Packard, the world's No. 2 maker of personal computers, said on Wednesday that quarterly profit surged from a year earlier, when it had a tax charge for repatriating foreign earnings. Net income for the third fiscal quarter, ended July 31, was $1.38 billion, or 48 cents per share. That's a rise from $73 million, or 3 cents per share, a year earlier, when HP had a charge of almost $1 billion, mainly in taxes, for returning income earned abroad. Revenue advanced to $21.9 billion from $20.8 billion.