HP offers 2010 outlook in line with estimates
September 24, 2009(AP) -- Hewlett-Packard Co. said Thursday that its revenue and profit in its next fiscal year should be in line with what analysts were expecting.
The technology company's chief financial officer, Cathie Lesjak, told financial analysts that revenue should be between $117 billion and $118 billion in fiscal 2010, which starts Nov. 1.
HP's profit, excluding one-time items, is expected to be $4.20 to $4.30 per share.
Analysts polled by Thomson Reuters had been forecasting sales of $118 billion and profit of $4.25 per share.
Lesjak said HP's personal-computer business is expected to grow 3 percent to 5 percent over 2009, while its cash-cow printer-ink business could be flat to up just 2 percent.
HP's stock fell 6 cents to close at $46.87 before the outlook figures were announced. In extended trading the stock fell 42 cents, 0.9 percent, to $46.45.
©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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