Deals
Hewlett-Packard’s Profit Tops Estimates on Server Demand
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Hewlett-Packard Co. reported fiscal second-quarter profit that exceeded analysts’ estimates as corporate spending on servers picked up ahead of the computer maker’s planned separation into two companies.
Profit before certain items was 87 cents a share in the period that ended in April, the company said Thursday in a statement. Analysts on average had projected 86 cents a share, according to data compiled by Bloomberg. Hewlett-Packard also said it may take charges of as much as $3 billion related to restructuring and the split over three years.