Apps & Software
H-P Still Blowing PC's Out The Door (HPQ)
Published:
Last Updated:
H-P (NYSE:HPQ) has posted Q4 2007 earnings of $0.86 EPS on revenues of $28.29 Billion. Mark Hurd & Co. is guiding EPS to $0.80 and revenues to $27.4-$27.5 Billion in revenues for Q1 2009, and it guided Fiscal 2008 FY08 non-GAAP diluted EPS in the range of $3.32 to $3.37 and revenues of $111.5 Billion. These are all above plan from First Call:
KEY INTERNALS:
PER UNIT METRICS:
Mark Hurd, HP chairman and chief executive officer said, “Strong performance across our businesses was highlighted by sharp improvement in our software segment. We have added over $12 billion of new revenue this year. While we still have more work to do, HP is well positioned to make further progress in the marketplace.”
H-P shares closed down 2.58% at $49.44 on 1.5-times average volume. Shares are up about 0.5% today at $49.58 in after hours trading. Obviously the conference call comments can change this later, but 24/7 Wall St. would have guessed a better after-hours reception. If we could take away any pre-conference call conjecture that would be keeping a lid on the reaction (besides a crummy market) is that the currency effect was too high, because we only showed an "ouside of currency impact" number to show the true relation as far as the company’s business as a whole. Its chart may also be what is getting in the way with the 50-day moving average $1.00 higher.
But outside of that, 24/7 Wall St. would give H-P a passing score without hearing all the conference call comments in 45 minutes. The report should be good enough for those who are worried about a tight consumer, mainly because the guidance is raised ahead and we didn’t feel the company had to blow the doors off the hinges to keep Wall Street happy this time around.
Jon C. Ogg
November 19, 2007
Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.
After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers.
A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.
Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.