H-P's Q2 profit increases to $2.1B Hewlett-Packard Co. on Tuesday reported second-quarter net income of $2.1 billion, or 80 cents a share, compared with $1.8 billion, or 65 cents a share, in the same period last year.
The Palo Alto-based technology heavyweight had revenue of $28.3 billion, up 11 percent from the year-ago quarter's $25.5 billion.
Revenue in the Americas increased 4 percent on a year-over-year basis to $11.1 billion. Revenue gained 16 percent in Europe, the Middle East and Africa to $11.9 billion, and 16 percent in Asia Pacific to $5.2 billion.
Excluding items, H-P's earnings would have been $2.2 billion, or 87 cents a share, compared to $1.9 billion, or 70 cents a share.
Analysts expected, on average, earnings of 84 cents a share on $28 billion in revenue.
Analog Devices Drops In After-Hours Following Earnings Release Analog Devices Inc. (ADI: News, Chart, Quote ) is falling during Tuesday's after-hours trading following earnings that failed to impress investors.
At 4:59 pm ET the stock is trading at $34.18 down $0.55 from Tuesday's close.
with the decline the stock will open at a level that reverses some gains seen last week.
The company reported net income of $133.08 million, or $0.45 per share, up from $125.3 million, or $0.37 per share, in the prior year quarter.
Non-GAAP earnings per share from continuing operations rose to $0.44 from $0.35 in the preceding year quarter.
On average, 19 analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.41 per share.
The Home Depot Inc. doesn't know if stimulus checks making their way to potential customers are enough to improve its fortunes this year, the company said Tuesday as it reported a 66 percent drop in first-quarter profit.
Target's profits slip in Q1 Target Corp.'s first-quarter profits dropped as consumers cut back on discretionary spending. But the retailer still beat Wall Street earnings estimates.
Minneapolis-based Target (NYSE: TGT), which has five stores in the Albuquerque/Rio Rancho metro area, reported a first-quarter profit of $602 million, or 74 cents per share, down from $651 million, or 75 cents per share, during the same period last year. Revenue was up 5.4 percent to $14.8 billion from $14 billion.
Analysts surveyed by Thomson Financial expected 71 cents per share, on revenue of $14.92 billion.
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