HP Q3 beats estimates



17 August 2005 – Palo Alto (CA): Hewlett-Packard (HP) earned $73 million in Q3 or EPS of $0.03, including a one off tax charge of $988 million, compared with $586 million or EPS of $0.19 a year earlier. Sales increased by 10 per cent to $20.8 billion from $18.89 billion in the previous year.


Excluding the charge, HP earned $1.06 billion or EPS of $0.36, beating Wall Street estimates of EPS of $0.31 on sales of $20.47 billion.