HP's quarterly profit falls 19%

By Matthew
Aug 19, 2009
  1. 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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  2. captaincranky

    captaincranky TechSpot Addict Posts: 12,967   +2,524

    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.
  3. Wendig0

    Wendig0 TechSpot Paladin Posts: 1,136   +131

    LOL, Well said Captain!
    I'll take mine with mustard.
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