HP raises outlook
Sells PCs, buys back shares
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HP has found another billion dollars of sales and another seven pennies profit a share to boost forecast figures for its second quarter financial results.
Originally expecting to be reporting something like $24.5bn in sales for its second 2007 quarter next Wednesday, it said today it would instead report about a billion more.
Its GAAP diluted earnings per share (EPS) had been expected to be between $0.57 and $0.58. Now, it said, they would be $0.64 to $0.65.
It had sold some more PCs and servers, apparently, while some share repurchases helped nose its EPS up a little more.
The final figures are due next week.®
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COMMENTS
EPS up?
I buy HP products with AMD processors because, well, I own stock in both. So good news always makes me happy. Now if only I'd sold that AMD at $42.
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