After a solid 4th Quarter outlook, Hewlett-Packard Co. surprised Wall Street on Tuesday by saying its earnings will be slightly above the analysts' expectations. This goes against the grain as other technology bellwethers have slashed forecasts and posted weak results in the sagging economy. It is great to hear some good news for once in the middle of all the bad news. Wall Street is diving again today.
The Palo Alto California based computer and printer maker expects earning of 84 cents per share and adjusted earnings of $1.03 per share for the three months ended in October. This is slightly better than the $1 per share that analysts were expecting.
No comments:
Post a Comment