Hewlett-Packard reports growth in profit and operating margin in Q4
Posted by: admin in Stocks NewsFiled under: Earnings reports, Microsoft (MSFT), Cisco Systems (CSCO), Dell (DELL), Hewlett-Packard (HPQ), International Business Machines (IBM), Technology
Hewlett-Packard (HPQ), the famous maker of printers and Computers, and a colleague of entities such as Microsoft (MSFT), Dell (DELL), and International Business Machines (IBM), issued Q4 results on Monday after the end of the trading day. Revenues didn’t impress me, as sales saw a decline of 8%. Net income, however, was better. On an adjusted basis, earnings per share increased 11% to $1.14.
Also doing well was the operating margin. The adjusted metric increased 170 basis points during the quarter. The annual statement of cash flows should look good to any long-term shareholder. Management still had cash left over from operations after share repurchases, dividend obligations, and capital spending.
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Hewlett-Packard reports growth in profit and operating margin in Q4 originally appeared on BloggingStocks on Tue, 24 Nov 2009 09:00:00 EST. Please see our terms for use of feeds.
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