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.
Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service, and the Associated Press. E-mail Elinor. 
- by benjaminstraight July 21, 2008 3:50 AM PDT
- Good job HP. Good news given so much bad about the market.
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