Hewlett-Packard, the world’s biggest manufacturer of desktop personal computers, laptops and other computer devices, has recently published another quarterly report.
The report shows that the company’s net profit declined by 16% during the first quarter of the current financial year that ended on January 31st 2013. The net income dropped down to $1.232bn or 63 cents per share. It is necessary to mention that during the previous reporting period showed 73 cents per share.
If to ignore temporary factors, Hewlett-Packard’s income reached 82 cents per share. At the same time, the company’s proceeds declined by 6% down to $28,355bn.
Yesterday, during the American trading session, the company’s stock managed to appreciate by 7%.
Analysts expect the current quarter (Q2) to bring the company an increase u to 80-82 cents per share.
All in all, Hewlett-Packard is planning to earn $3,4-3,6 per share in 2013.
The chart below, courtesy of , reflects the current state of affairs in the market of HPQ:
