subject: HP's fourth-quarter earnings to print business or drag performance - HP, printing - Printing Industry [print this page] HP's fourth-quarter earnings to print business or drag performance - HP, printing - Printing Industry
According to reports, HP's fourth-quarter results could benefit from the PC market to pick up, but Print Business or a drag on growth in its performance.
Hewlett-Packard is scheduled to announce Monday after U.S. stocks ended the fourth quarter report.
Benefit PC market rebound, HP PC business to maintain growth, but other businesses will continue to face enormous challenges, especially the printing business has been a drag on the performance of its growth. HP is not only the world's largest PC maker, is also the world's top Printer Manufacturer, the printer cartridge business is an important source of income.
In the past year, HP's printing business has been in decline, partly because of the company inadequate investment in new technologies and companies to produce cheaper transition caused by ordinary cartridges, on the other hand, exchange rate fluctuations as well as HP points Distributor Stock Management Change in the way is one of the important reasons. HP Chief Financial Officer Kathy - Laisiyake (CathieLesjak) said that as part of the solution to the problem, HP's product offerings are expected in the next few quarters will be improved.
HP critical business transformation now under way, want to become less dependent on a PC and print services company, and to 13.9 billion acquisition of IBM's competitors Electronic Data Systems, In addition, HP Hai Ba HP Services Group to build into the company's largest revenue source and the most profitable business unit. In addition, HP also announced earlier this month to 2.7 billion acquisition of 3Com, Cisco actively seize the computer Network Market. Meanwhile, HP has taken a significant cost reduction initiatives. The acquisition of Electronic Data Systems as part of HP's ongoing 2.46 million lay-offs. However, HP has so far not said whether to 3Com's staff reductions, which has 5,800 employees worldwide. May, HP announced the 6,400 job cuts planned, including the company's production division.
Hewlett-Packard announced on the 11th of this month preliminary results for the fourth quarter, earnings per share were 99 cents, a year earlier and 84 cents per share, excluding non-recurring items, earnings per share were 1.14 U.S. dollars , preliminary revenue fell 8% to 30.8 billion U.S. dollars. Analysts surveyed by Thomson Reuters expected, excluding non-recurring items, earnings per share were 1.13 U.S. dollars on revenue of 304 billion.
Analyst at market research firm BroadpointAmTech Dina Shen - Moorjani (DineshMoorjani) said investors concerned about HP's printing business, with demand expected to rebound, the business will be significantly improved. He said: "Consumers have been largely priced stocks, with the increased demand for the terminal, the first half of HP's printing business in 2010 revenue will be increased."
HP expects fiscal year 2010 earnings per share from 4.25 to 4.35 U.S. dollars, revenue from 111.8 to 111.9 billion U.S. dollars. HP shares rose 9% in the fourth quarter.
