HP offers 2010 outlook in line with estimates

September 24, 2009

(AP) -- Hewlett-Packard Co. said Thursday that its revenue and profit in its next fiscal year should be in line with what analysts were expecting.

The technology company's , Cathie Lesjak, told financial analysts that revenue should be between $117 billion and $118 billion in fiscal 2010, which starts Nov. 1.

HP's profit, excluding one-time items, is expected to be $4.20 to $4.30 per share.

Analysts polled by Thomson Reuters had been forecasting sales of $118 billion and profit of $4.25 per share.

Lesjak said HP's personal-computer business is expected to grow 3 percent to 5 percent over 2009, while its cash-cow printer-ink business could be flat to up just 2 percent.

HP's stock fell 6 cents to close at $46.87 before the outlook figures were announced. In extended trading the stock fell 42 cents, 0.9 percent, to $46.45.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: Cisco earnings fall 21 pct but beat expectations

Related Stories

HP profit drops 17 pct; PC, ink sales stumble

May 19, 2009

(AP) -- Hewlett-Packard Co.'s quarterly profit dropped 17 percent on lighter sales of personal computers and printer ink, two of its biggest sellers and a sign that the woes in consumer technology spending dragged on beyond ...

Texas Instruments 2Q profit falls 56 percent

July 20, 2009

(AP) -- Chip maker Texas Instruments says its second-quarter earnings fell 56 percent from a year ago, clipped by a weak economy that the company expects will "take some time" to strengthen.

Soft PC sales send Microsoft profit down 29 pct

July 23, 2009

(AP) -- Microsoft Corp. said Thursday its profit in the last quarter plunged 29 percent because of weak computer sales, ending a fiscal year in which the software maker's revenue fell for the first time since the company ...

Cisco earnings fall 46 pct but beat expectations

August 5, 2009

(AP) -- Cisco Systems Inc. said earnings fell 46 percent in its latest quarter, but the profit beat Wall Street expectations, and the company said the quarter may have been the bottom of the recession-related downturn.

Sluggish PC, ink sales hurt HP; results still beat

August 18, 2009

(AP) -- Hewlett-Packard Co.'s 19 percent drop in quarterly profit shows that the company still relies heavily on printer ink and the troubled personal computer market, despite the aggressive transformation it's undertaking ...

Recommended for you

Magnetic fields provide a new way to communicate wirelessly

September 1, 2015

Electrical engineers at the University of California, San Diego demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. The new technology could offer a lower power ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.