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.

About the author

    Sam Diaz is a senior editor at ZDNet. He has been a technology and business blogger, reporter and editor at the Washington Post, San Jose Mercury News, and Fresno Bee for more than 18 years.

     

    Join the discussion

    Conversation powered by Livefyre

    Don't Miss
    Hot Products
    Trending on CNET

    HOT ON CNET

    Mac running slow?

    Boost your computer with these five useful tips that will clean up the clutter.