Send
Print
Don DeBold
HP Inc.’s revenues in the 4th fiscal quarter increased by 2%, to $ 12.51 billion from $ 12.27 billion in the same period a year earlier. Experts polled by FactSet on average expected a decline to $ 11.83 billion, writes MarketWatch. The company was able to increase the rate due to rise in sales of personal computers.
Net income fell to $ 492 million in August and September, or $ 0.28 per share, compared with $ 1.32 billion, or $ 0.73 per share, for the same period last year. The company also announced payment of dividends to shareholders for the 2016 fiscal year in the amount of $ 2 billion.
Once the financial statements were revealed, HP’s shares on extended trading lost 0.39%.
In the current quarter, HP Inc. predicts a profit of $ 0,35-0,38 per share; average expectation is $ 0.39 cents. At the end of 2017 fiscal year, the manufacturer expects adjusted earnings of $ 2-2.1 per security.
In August and October 2016, revenue of HP Inc.’s computer division fell more than $ 8 billion versus $ 7.7 billion a year earlier. Volume of the printer business during this time shrank to $ 4.6 billion from $ 5 billion.
PC shipments of HP Inc. increased by 5%, bringing the company's market share from 18.8% in the III quarter of 2015 to 20.4%. Volume of the total market of computers fell by 5.7%, according to Gartner.
In 2015, Hewlett-Packard Company zoned its business on two part. One is responsible for production of personal computers, and other provides corporate services. HP Inc. took personal computers and printers, and Hewlett Packard Enterprise offers server development, storage systems, and software In 2016 fiscal year, net profit of the latter totaled $ 3.16 billion, which is 28% more than last year . Earnings per share increased by 36% to $ 1.82.
The company's revenue fell by 4% to $ 50.1 billion compared with the previous year.
Net profit of Hewlett Packard Enterprise in the IV quarter decreased by 78% to $ 300 million. Quarterly revenue decreased by 7% to $ 12.5 billion. The company also announced a dividend payment to shareholders in the amount of $ 3 billion, in line with expectations.
Meanwhile, market experts are convinced that laptop sales will amount to 41.65 million units, which is 6.4% more than in the third quarter.
They link the expectations to market launch of new Apple MacBook Pro. At the same time, HP is still the main supplier in the market, followed by the Lenovo. 3rd 4th places are occupied by Dell and Apple, respectively. The fifth position belongs to Taiwanese Asus, which has adjusted its strategy in the notebook market. The quarter will be the first in two years to demonstrate rising sales.
source: marketwatch.com,
Net income fell to $ 492 million in August and September, or $ 0.28 per share, compared with $ 1.32 billion, or $ 0.73 per share, for the same period last year. The company also announced payment of dividends to shareholders for the 2016 fiscal year in the amount of $ 2 billion.
Once the financial statements were revealed, HP’s shares on extended trading lost 0.39%.
In the current quarter, HP Inc. predicts a profit of $ 0,35-0,38 per share; average expectation is $ 0.39 cents. At the end of 2017 fiscal year, the manufacturer expects adjusted earnings of $ 2-2.1 per security.
In August and October 2016, revenue of HP Inc.’s computer division fell more than $ 8 billion versus $ 7.7 billion a year earlier. Volume of the printer business during this time shrank to $ 4.6 billion from $ 5 billion.
PC shipments of HP Inc. increased by 5%, bringing the company's market share from 18.8% in the III quarter of 2015 to 20.4%. Volume of the total market of computers fell by 5.7%, according to Gartner.
In 2015, Hewlett-Packard Company zoned its business on two part. One is responsible for production of personal computers, and other provides corporate services. HP Inc. took personal computers and printers, and Hewlett Packard Enterprise offers server development, storage systems, and software In 2016 fiscal year, net profit of the latter totaled $ 3.16 billion, which is 28% more than last year . Earnings per share increased by 36% to $ 1.82.
The company's revenue fell by 4% to $ 50.1 billion compared with the previous year.
Net profit of Hewlett Packard Enterprise in the IV quarter decreased by 78% to $ 300 million. Quarterly revenue decreased by 7% to $ 12.5 billion. The company also announced a dividend payment to shareholders in the amount of $ 3 billion, in line with expectations.
Meanwhile, market experts are convinced that laptop sales will amount to 41.65 million units, which is 6.4% more than in the third quarter.
They link the expectations to market launch of new Apple MacBook Pro. At the same time, HP is still the main supplier in the market, followed by the Lenovo. 3rd 4th places are occupied by Dell and Apple, respectively. The fifth position belongs to Taiwanese Asus, which has adjusted its strategy in the notebook market. The quarter will be the first in two years to demonstrate rising sales.
source: marketwatch.com,
