HP profit plunge dashes hopes of tech recovery
- Thread starter ByLoSellHi
- Start date
What about these headlines?
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H-P Busts Out a Sales and Profit Beat
http://www.thestreet.com/_yahoo/sto...-beat.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
"PALO ALTO, Calif. (TheStreet) -- Hewlett-Packard(HPQ Quote) beat Wall Street's estimates in its third-quarter results, giving the tech sector a boost as it struggles to emerge from the recession.
The results...will be welcomed by investors desperate for good news after a turbulent spell marked by weak IT spending and job cuts.
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H-P Beats Estimates; Services Revenue up 93%
http://www.foxbusiness.com/story/markets/industries/technology/hp-beats-estimates-services-revenue/
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Hewlett-Packard: Scattered Patches of Brightness
http://digitaldaily.allthingsd.com/...gs-not-all-that-bad/?reflink=ATD_yahoo_ticker
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Green shoots, green shoots!!!!
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H-P Busts Out a Sales and Profit Beat
http://www.thestreet.com/_yahoo/sto...-beat.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
"PALO ALTO, Calif. (TheStreet) -- Hewlett-Packard(HPQ Quote) beat Wall Street's estimates in its third-quarter results, giving the tech sector a boost as it struggles to emerge from the recession.
The results...will be welcomed by investors desperate for good news after a turbulent spell marked by weak IT spending and job cuts.
------------------------------------------------------------
H-P Beats Estimates; Services Revenue up 93%
http://www.foxbusiness.com/story/markets/industries/technology/hp-beats-estimates-services-revenue/
-------------------------------------------------------------
Hewlett-Packard: Scattered Patches of Brightness
http://digitaldaily.allthingsd.com/...gs-not-all-that-bad/?reflink=ATD_yahoo_ticker
--------------------------------------------------------
Green shoots, green shoots!!!!
HPQ didn't have a bad quarter. Certainly not bad enough to "dash hopes of tech recovery". Beat estimates on profit and sales forecasts. Sales would have risen 4% if it were not for currency fluctuations (and this is after slashing prices). And the best news out of this is their forecast of growing revenue by 8% QOQ and reaffirming 2009 guidance.
Most people were expecting worse numbers to come out of HPQ than was actually reported. That being said, it wasn't a stellar quarter by any means, but nowhere near terrible.
Most people were expecting worse numbers to come out of HPQ than was actually reported. That being said, it wasn't a stellar quarter by any means, but nowhere near terrible.