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Hewlett-Packard Posts 2Q Profit
May 21, 2003
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Hewlett-Packard Co. posted a U.S. $659 million second-quarter profit as the computer giant beat Wall Street's sales and earnings expectations. For the 3 months ended April 30, HP earned $0.22 per share, compared with profits of $252 million, or $0.13 per share in the same period last year — before the completion of its $19 billion merger with Compaq Computer Corp. Second-quarter sales were $18 billion, down slightly from last year's combined $18.2 billion but up slightly from the $17.9 billion reported in the first quarter. Excluding special items, the company earned $877 million, or $0.29 per share. (Reuters)

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