TECHNOLOGY - Nov. 19, 1992
From Times Staff and Wire Reports
H-P Profit Falls 46%, but Stock Jumps: Hewlett-Packard Co. blamed the fall in its fiscal fourth quarter profit on restructuring charges, higher costs and a shift to less-profitable products. H-P earned $68 million, or 28 cents a share, for the quarter ended Oct. 31, compared to $125 million, or 50 cents a share, a year ago. Excluding restructuring charges, net income fell 28%. H-P stock jumped $3.375 per share to $58.75 on the NYSE.
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