Beach, Bob; Hahn, Nora; Globe, Debra; Sapienza, Tony; Ruane, Donna
Business Wire,
04/1992
Newsletter
Compaq Computer Corp. (NYSE:CPQ) Monday reported first-quarter net income of $45 million, or 53 cents per share, representing a 60 percent decrease from net income of $114 million, or $1.26 per share in the like period of 1991. Sales for the quarter ended March 31, 1992 were $783 million, a 19 percent decrease from sales of $971 million for the quarter ended March 31, 1991. Worldwide demand for COMPAQ products in the first quarter was up year to year, while unit shipments were slightly down due to part shortages. Lower prices were the primary reason for the decline in the company's revenue and earnings in the quarter. (excerpt)
