Author: Elena Todorova
123jump.com
Last Update: 4:53 PM EST November 17 2005
Hewlett-Packard posted 62% profit drop in the fourth quarter on $1.1 billion restructuring charges. The company released earnings of 14 cents a share on revenue of $22.9 million, but excluding charges it earned 51 cents a share, beating estimates of 46 cents. Shares of Google broke above $400 for the first time, rising 1% to $401.90 in morning trades. In its IPO of Aug 2004, Google held pricing at $85.
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