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HP quarterly revenues fall 7%

2015-05-22 09:24:00| Telecompaper Headlines

(Telecompaper) HP reported revenues for its fiscal second quarter to April down 7 percent year-on-year to USD 25.5 billion. Excluding currency effects, revenue was down just 2 percent, hurt by a slowdown in the business PC and enterprise services market. Adjusted EPS fell 1 percent to USD 0.87, in line with the company's outlook of 84-88 cents, and reported EPS was down 17 percent to USD 0.55, slightly below the guidance of 55-61 cents a share. Operating cash flow halved compared to the year-earlier period to USD 1.5 bilion. Profits were hurt by USD 585 million or 32 cents a share in one-time charges for restructuring and the planned separation of the PC and printer business into a new company, which HP said remains on track. The company also named Cathie Lesjak as CFO of the spin-off company, while Tim Stonesifer will become CFO of Hewlett Packard Enterprise and Chris Hsu COO at Hewlett Packard Enterprise. For fiscal Q3, HP forecast adjusted EPS of USD 0.83-0.87 and reported EPS of USD 0.50-0.54. The company maintained its full-year outlook, which was reduced already earlier this year due to the strength in the US dollar. 

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HP quarterly revenues fall 7%

2015-05-22 08:58:00| Telecompaper Headlines

(Telecompaper) HP reported revenues for its fiscal second quarter to April down 7 percent year-on-year to USD 25.5 billion. Excluding currency effects, revenue was down just 2 percent, hurt by a slowdown in the business PC and enterprise services market. Adjusted EPS fell 1 percent to USD 0.87, in line with the company's outlook of 84-88 cents, and reported EPS was down 17 percent to USD 0.55, slightly below the guidance of 55-61 cents a share. Operating cash flow halved compared to the year-earlier period to USD 1.5 bilion. Profits were hurt by USD 585 million or 32 cents a share in one-time charges for restructuring and the planned separation of the PC and printer business into a new company, which HP said remains on track. The company also named Cathie Lesjak as CFO of the spin-off company, while Tim Stonesifer will become CFO of Hewlett Packard Enterprise and Chris Hsu COO at Hewlett Packard Enterprise. For fiscal Q3, HP forecast adjusted EPS of USD 0.83-0.87 and reported EPS of USD 0.50-0.54. The company maintained its full-year outlook, which was reduced already earlier this year due to the strength in the US dollar. 

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Rocky Brands Inc (RCKY) Plans Quarterly Dividend of $0.11

2015-05-22 05:06:32| Footwear - Topix.net

Rocky Brands declared a quarterly dividend on Thursday, May 21st, American Banking and Market News reports. Shareholders of record on Monday, June 1st will be paid a dividend of 0.11 per share on Wednesday, June 10th.

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Campbell Soup Company (CPB) to Release Quarterly Earnings on Friday

2015-05-21 02:39:57| Food - Topix.net

Campbell Soup Company will issue its Q315 quarterly earnings data on Friday, May 22nd. Analysts expect the company to announce earnings of $0.52 per share and revenue of $1.93 million for the quarter.

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Brady Corp (BRC) Scheduled to Post Quarterly Earnings on Thursday

2015-05-20 07:47:34| Electronics - Topix.net

Brady Corp is set to announce its Q315 earnings results on Thursday, May 21st. Analysts expect the company to announce earnings of $0.38 per share and revenue of $296.89 million for the quarter.

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