HP Financial Service Down $19MM
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HP Financial Services (HPFS) reported revenue of $518 million, a decrease of 5% year-over-year.
Finance volume decreased 14% over the prior year period, and net portfolio assets grew 1%.
Operating profit was $39 million, or 7.5% of revenue, down from a profit of $58 million, or 10.7% of revenue, in the prior year period.
Full HP financial report:
http://www.hp.com/hpinfo/investor/financials/quarters/2006/q2.html |