Compaq misses estimates by a penny

PC maker Compaq reported quarterly earnings Tuesday that missed lowered analyst expectations by a penny. Compaq reported a profit of $200 million, or 12 cents a share, on revenue of $9.

PC maker Compaq reported quarterly earnings Tuesday that missed lowered analyst expectations by a penny.

Compaq reported a profit of $200 million, or 12 cents a share, on revenue of $9.2 billion, excluding a one-time charge for restructuring and investment gains.

Analysts pooled by First Call had expected a profit of 13 cents a share on revenue of about $9.14 billion. Including the restructuring fee of $249 million and $75 million in net investment income, the Houston-based PC maker earned $78 million, or 5 cents per share, in its first quarter, which ended March 31. Full story. -- John G. Spooner, ZDNet News