Consumer Electronics
Hewlett-Packard Earnings May Save The Day For Tech (HPQ, DELL, AAPL)
Published:
Last Updated:
Hewlett-Packard (NYSE:HPQ) may have saved the day for technology. The green machine posted $0.71 Non-GAAP EPS versus $0.66 estimates and $25.4 Billion revenues versus $24.1 Billion estimates. Its 9% non-GAAP margin was also a tad above plan. The guidance is the saving grace though that may tame some of the bears. GUIDANCE: $0.80 to $0.81 versus $0.78 estimates and Revenues forecast at $27.0 to $27.2 Billion vs $26.45 Billion estimates.
This was key and if you review the Apple (NASDAQ:AAPL) situation today where we gave both sides of the argument if we enter a beer and hamburger economy, this should alleviate other current concerns on whether or not tech is a haven. H-P put Fiscal 2007 non-GAAP diluted EPS in the range of $2.86 to $2.87 and it estimates Fiscal 2007 revenues at $103.0 billion to $103.2 billion, although the next quarter is also fiscal year-end.
Here are the individual metrics:
Shares closed down marginally after the huge market recovery today, but shares are up over 2% in after-hours trading. Apple (NASDAQ:AAPL) shares are up less than 1% in after-hours trading at $117.30 and Dell (NASDAQ:DELL) shares are down 1% in after-hours since releasing its "independent investigation completed with restatements coming" and found that internal wrong doing was uncovered (story pending now).
Jon Ogg can be reached at [email protected]; he is the publisher of the 24/7 Wall St. Special Situation Investing Newsletter and does not own securities in the companies he covers.
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.