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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: Brasco One who wrote (3049)	5/17/1999 4:23:00 PM
From: William Partmann	Read Replies (1) \| Respond to of 4722

HP Earnings Up 34 Percent Revenue Up 3 Percent HP Net Earnings are 88 Cents per Share in Second Quarter PALO ALTO, Calif.--(BUSINESS WIRE)--May 17, 1999--Hewlett-Packard Company (NYSE:HWP - news) today reported a 34 percent increase in net earnings, a 3 percent increase in net revenue and a 10 percent increase in orders for the 1999 fiscal year's second quarter, which ended April 30. Net earnings this quarter were $918 million, compared with $685 million in the second quarter last year. Earnings per share (EPS) on a diluted basis(1) was 88 cents on approximately 1.05 billion shares of common stock and common-stock equivalents outstanding. This compares with diluted EPS of 65 cents on approximately 1.08 billion shares and equivalents in the second quarter last year. ''This is the third consecutive quarter that we've exceeded street expectations,'' said Lewis E. Platt, HP chairman and chief executive officer. ''We executed well and turned in an excellent bottom line, and we're encouraged by improved order growth of 10 percent. We had solid net earnings in PCs, strong profit performance in printing and imaging, and significant profit improvement in our measurement business. Clearly, our challenge is to convert order growth into stronger growth in revenue.'' biz.yahoo.com