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HP's quarterly profit falls 19%

Discussion in 'TechSpot News and Comments' started by Matthew, Aug 19, 2009.

  1. Matthew TechSpot Staff Posts: 5,893   +53

    HP has reported a 19% decline in profit for the third quarter of 2009, with a recorded earning of $1.6 billion ($.67 per share) - down from $2 billion ($.80 per share) in the year-ago quarter. Excluding restructuring and acquisition costs, HP earned $2.2 billion, or $.91 per share. Analysts had predicted earnings between $.82 and $.92 per share, and revenue between $26.8 billion and $27.7 billion.

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    Matthew, Aug 19, 2009
    #1

  2. captaincranky TechSpot Addict Posts: 8,764   +270

    Ah, this is terrible! Poor, poor HP! In these are trying economic times, why are so many people frittering away their money on such superfluous items like food!

    Perhaps manufacturers should focus in on these odd behaviors, and supply condiments with their newest offerings.
    captaincranky, Aug 19, 2009
    #2

  3. Wendig0 TechSpot Paladin Posts: 998   +47

    LOL, Well said Captain!
    I'll take mine with mustard.
    Wendig0, Aug 19, 2009
    #3
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