For the second quarter HP reported earnings of 89 cents a share, in line with estimates from analysts' surveyed by Thomson Reuters. The PC maker reported revenue of $27.59 billion for the quarter, a 1.3% increase from the year-ago quarter. Analysts estimated revenue of $27.01 billion for the quarter.
PC sales grew 12% from the year-ago quarter to $8.6 billion. Enterprise service fell -6% to $5.6 billion.
TheStreet Ratings team rates HEWLETT-PACKARD CO as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HEWLETT-PACKARD CO (HPQ) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins."
You can view the full analysis from the report here: HPQ Ratings Report
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