TECHNOLOGY - May 18, 1994
From Times Staff and Wire Reports
Hewlett-Packard Co. Earnings Up 18%: The Palo Alto-based company attributed the higher second-quarter profit to strong demand for its computers and printers, and cost containment. The company earned $408 million, or $1.56 per share, for the three months ended April 30, compared to $347 million, or $1.38 per share, for the same period a year earlier. Revenue rose 23% to $6.3 billion from $5.1 billion. Despite the strong report, Hewlett-Packard shares fell $1.625 to close at $76.625 on the New York Stock Exchange. For the first half of fiscal 1994, H-P earned $776 million, or $2.98 per share, up 28% from $608 million, or $2.41 per share, in the same six-month period a year earlier.
