H-P shares up on solid results, upbeat outlook |
| MarketWatch - Nov 23, 2010 |
Shares of Hewlett-Packard Co. rose Tuesday morning, after the tech giant posted strong results and new Chief Executive Leo Apotheker got some mildly upbeat reviews on his first earnings call.
H-P /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 43.36, +0.11, +0.25%) shares were up about 1%, a day after the company reported a 5% gain in fiscal fourth-quarter profit, and issued a better-than-expected outlook.
H-P’s stock gain stood out as the rest of the sector slipped into the red, with the Nasdaq Composite Index down roughly 1%.
Following a rocky transition, the spotlight was on Apotheker, who generally did not disappoint, although he balked at elaborating on a detailed strategic vision for H-P.
“In our view, there were two solid performances on H-P’s conference call that even Bill Hewlett and Dave Packard would be proud of,” Gleacher & Company analyst Brian Marshall said in a note, referring to the company’s late co-founders.
Read Full Article from MarketWatch
- Posted: 2010-11-23 10:22:56
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