HP earned $985 million in its third quarter

The American computer group Hewlett-Packard (HP) announced today that it earned $ 985 million in its fiscal third quarter (May-July), 29.14% less than the same period last year.

The second largest manufacturer of personal computers in the world-just behind the Chinese Lenovo- scored during the three months net profit of $ 0.52 per share, compared to $ 0.71 earned in the same period last year, when its profit was $ 1,390 million.

Despite the fall in profits, HP entered during its fiscal third quarter more than entered during the same period in 2013, with total revenues of $ 27.585 million between May and July this year compared to 27,226 last year, an increase of 1%.

The company, based in Palo Alto (California) and exceeded the expectations of Wall Street analysts regarding revenues, as most had expected sales of 27,000 million, but fell behind in terms of the benefits .

Regarding the cumulative fiscal year, HP has benefited so far worth 3.683 million dollars, slightly below 3,699 for the same period last fiscal year, while entered 83,048,000 dollars well below the 83.167 million for the first nine months of the 2013 fiscal year.

“Usually, I’m very happy with the progress we have achieved. When I see how it is working the business lines of innovation and the assessments receive daily from our customers and partners, my confidence in a turnaround takes hold hard, “said the CEO of HP, Meg Whitman.

Hewlett-Packard also offered today its earnings forecast for the full fiscal year, which ranged between 3.70 and $ 3.74 per share.

The results presented by the Palo Alto company failed to convince investors on Wall Street, and shares of the company were left 1.08% in after-hours market electronic trading in New York, reaching 34 , $ 77 per share.