How Hewlett-Packard Is Increasing Value to Its Shareholders
In fiscal 3Q16, Hewlett-Packard’s (HPQ) cash flow from operations was ~$1.1 billion, and its free cash flow was $1 billion.
Of the 26 analysts covering Hewlett-Packard’s (HPQ) stock, 11 have given it “buy” recommendations and 15 have given it “hold” recommendations. There were no “sell” recommendations.
Hewlett-Packard’s (HPQ) Printing business group reported revenue of $4.4 billion in fiscal 3Q16, which fell by 14% year-over-year.
One of Hewlett-Packard’s (HPQ) key objectives is to place hardware units with a higher usage of supplies.
Hewlett-Packard (HPQ) believes that the 3D printing space will be disruptive—and profitable—in the next few years.
Hewlett-Packard’s (HPQ) Personal Systems PC Group reported revenue of $7.5 billion in fiscal 3Q16, which was flat YoY (year-over-year) and rose by 2% YoY on a constant currency basis.
According to IDC, worldwide PC shipments fell by 4.5% YoY year-over-year in 2Q16 to 62.4 million units. IDC had earlier projected the market would decline by 7.4% YoY.
In April 2016, Hewlett-Packard (HPQ) introduced the HP Spectre, the world’s thinnest laptop, at the New York Times International Luxury Conference.
On August 24, 2016, Hewlett-Packard Enterprise (HPQ) announced its fiscal 3Q16 results. It reported revenue of $11.9 billion—a 4% fall year-over-year and a 1% decline YoY on a constant currency basis.
Yingli Solar’s (YGE) shipments include the sale of its solar (TAN) modules to the company’s solar projects and external customers.
Out of five analysts covering Yingli Solar (YGE), two analysts rate the stock a “hold.” Three analysts rate the stock a “sell,” and there were no “buy” ratings for YGE on August 25, 2016.
Yingli Solar’s (YGE) net income came in at about $11 million in 2Q16, compared to analysts’ consensus expectations of a loss of ~$5 million.
On June 30, 2016, Yingli Solar (YGE) had ~$128.6 million in cash and restricted cash on its balance sheet. This is compared to $138.2 million at the end of 2Q16 and $286.6 million at the end of 2Q15.
The quarter-over-quarter increase in Yingli Solar’s (YGE) revenue was primarily due to higher-than-anticipated 2Q16 shipments. This resulted in a higher-than-anticipated recognition of shipments in the company’s revenue.
Yingli Solar’s (YGE) total operating expenses in 2Q16 were about $45.4 million, compared to $43.9 million in 1Q16 and $56.3 million in 2Q15.
According to company filings, Yingli Solar’s (YGE) shipments to China increased by more than 100% on a quarter-over-quarter basis.
Yingli Solar (YGE) announced its 2Q16 earnings results before market hours on August 23, 2016. In this series, we’ll analyze the company’s 2Q16 results, compare the results with analyst expectations, and analyze any factors that caused deviation.
The companies in the energy sector were mixed on Friday, August 26, due to volatility in the energy market.
In a much-awaited speech during an annual economic policy symposium, the Federal Reserve chair, Janet Yellen, stated that the case for an interest rate hike has strengthened.
At 1:30 PM EDT on Friday, August 26, the COMEX copper futures contract for September delivery was trading at ~$2.08 per pound, a gain of 0.07%. The stronger dollar weighed on copper prices on the day.