HP beats analyst estimates

Strong sales in emerging markets boosted Hewlett-Packard's second-quarter earnings to $2.2 billion, or 87 cents a share, up 24 percent from a year earlier.

Revenue for the quarter rose 11 percent to $28.3 billion, the company said Tuesday.

Those figures beat analyst estimates of earnings per share of 85 cents and revenue of $28.1 billion, according to Thomson First Call.

Earnings excluding one-time items were $2.1 billion, or 80 cents a share.

HP forecast revenue for the third quarter to be about $27.3 billion to $27.4 billion and earnings per share excluding items to be 82 cents to 83 cents.

HP raised its full-year revenue forecast to between $114.2 billion and $114.4 billion, from previous guidance of $113.5 billion to $114 billion. Full-year per-share earnings excluding items are forecast to be $3.54 to $3.58.

Analysts were forecasting third-quarter earnings per share of 82 cents and revenue of $27.35 billion and full-year earnings per share of $3.53 and revenue of $114.2 billion.

[john55440]

HP makes great stuff - my 2002 HP desktop computer is still going strong, and has never required a single repair. It Just Works.

[john55440]

HP makes great stuff - my 2002 HP desktop computer is still going strong, and has never required a single repair. It Just Works.

[Yoshihama1]

"revenue of $28.1 billion" ? Too bad that's a typo, or I'd be getting ready to retire on my HP stock.

[therealbean]

@Yoshihama: How is revenue of $28.1 billion a typo?Are you confusing revenue with earnings?

[sunil_gupta20801]

HP is doing great

[benjaminstraight]

Good job HP. Good news given so much bad about the market.