HP reports solid Q4 on services growth

24.11.2009

As it reported two weeks ago, HP's outlook for 2010 improved slightly during the last quarter. It expects 2010 revenue of $118.0 billion to $119.0 billion, up from its prior estimate of $117.0 billion to $118.0 billion, and earnings per share of $3.65 to $3.75, up from $3.60 to $3.70.

For the current quarter, HP expects to report revenue of $29.6 billion to $29.9 billion, and profit before one-time items of between $1.03 and $1.05 per share, the company said.

However, those estimates don't include the impact on its business of buying 3Com, HP said.

HP's results contrasted with those of Dell, which last week reported for roughly the same period. Dell's profit slumped 54 percent from a year earlier, to $337 million, while revenue fell 15 percent to $12.9 billion.