H-P Posts Decline in Earnings, but Sees Rise in Sales

Computer company Hewlett-Packard (HPQ) posted a decline in fiscal fourth quarter earnings, matching the company’s preannouncement last week. For its fiscal fourth quarter, Palo Alto, California-based H-P posted net earnings of $2.1 billion or 84 cents a share, down from $2.16 billion or 81 cents a share in the year ago fiscal fourth quarter. Revenue came in at $33.6 billion, up 19% from last year. Excluding items, H-P reported earnings of $1.03 a share.