HP reports in-line earnings, raises 2010 outlook

Company reports earnings of $1.14 per share on $30.8 billion in sales, and it forecasts earnings of $1.03 to $1.05 per share on sales of $29.6 billion to $29.9 billion.

Hewlett-Packard on Monday reported fourth-quarter earnings that were in line with a preliminary release last week, when the company announced plans to acquire 3Com.

For the quarter, the company reported earnings of $1.14 per share on $30.8 billion in sales. Analysts had been expecting $1.13 per share on $30.4 billion.

For the full year, the company reported earnings of $3.85 per share on sales of $114.6 billion.

Looking ahead, the company forecast earnings of $1.03 to $1.05 per share on sales of $29.6 billion to $29.9 billion for the first quarter--which would include the holiday season....

Read more of "HP reports Q4; raises outlook for 2010" at ZDNet's Between the Lines.

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