Tag Archives: hpq

HP Said ‘Executing A Turnaround,’ Stock Soars On Q4

Hewlett-Packard (HPQ) stock gapped up Wednesday after the troubled computer giant late Tuesday posted results and gave guidance that beat Wall Street views, prompting an analyst to say “HP is executing a turnaround.” But in his research report early Wednesday, Pacific Crest Securities analyst Brent Bracelin also was quick to add, of the turnaround, that “we are not sure it is sustainable.” Tuesday’s results offered a glimmer of hope, but analysts

HP Enterprise Revenue Rises; Q4 Earnings, Sales Beat

Hewlett-Packard (HPQ) showed some positive signs late Tuesday, posting fiscal Q4 earnings and sales that beat Wall Street expectations, with its enterprise revenue rising. Revenue for HP’s fiscal Q4 ended Oct. 31 fell 3% from the year-earlier quarter to $29.1 billion, but that beat the $27.9 billion expected by analysts polled by Thomson Reuters. It marked the smallest sales decline in six quarters, though CEO Meg Whitman cautioned about continued

HP A Work In Progress With Q4 Earnings Out Tuesday

Hewlett-Packard (HPQ) remains a work in progress. The global computer products giant isn’t expected to do any better than meet analyst expectations when it reports its fiscal fourth-quarter results after the market close Tuesday. HP is working through a troublesome restructuring process with a plan to build up its enterprise, software, storage and other businesses to offset declining and flat growth in its core PC and printing units. HP is the