A Holiday Return: HP Numbers Surprise
A Holiday Return: HP Numbers Surprise (Forbes.com)
After spending the last six months making headlines in its attempt to resurrect itself, Hewlett Packard finally made the news for all the right reasons. The company’s earnings for Q4 were 73 cents per share, up from losing $3.49 in the prior year after the botched Autonomy software acquisition deal. And while net revenue for the quarter was $112.3 billion, down 7 percent from last year, it still came in ahead of analysts’ estimates of $107.5 billion. Investors applauded in their own way, boosting shares 7 percent in afterhours trading. Is this a holiday miracle?