TECHNOLOGY - May 17, 1995
<i> Times Staff and Wire Reports</i>
Hewlett-Packard 2nd-Quarter Profit Up 41%: The computer maker earned $577 million, or $1.10 a share, for the three months ended April 30, compared to $408 million, or 78 cents a share, for the same period last year. The per-share results reflect the Palo Alto, Calif.-based company’s 2-for-1 stock split in March. Revenue rose 19%, to $7.43 billion, from $6.25 billion. Orders surged 27%. The earnings results were in line with expectations. But HP’s stock fell after the report, dropping $1.50 to $69.50 per share on the New York Stock Exchange.
