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Thursday, January 22, 2009

HP - $8.3 Billion in Earnings - E.P.S. up to $3.25 from $2.68

"Fiscal 2008 was a strong year with some notable accomplishments ... We have prepared HP to perform well and are building a company that can bring meaningful value to our customers and stockholders for the long term," Hurd wrote. "Looking ahead, it is important to separate 2008 from 2009, and acknowledge the difficult economic landscape."

The annual report revealed the following:

* Revenue growth of 13 percent, to $118.4 billion
* $8.3 billion in net earnings
* Earnings per share of $3.25, up from $2.68 in 2007

Additionally, Hurd earned $42.5 million in 2008, according to the company's proxy statement, released Tuesday.

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