HP Posts Better than Expected 4Q Results

Hewlett-Packard Co. (HP) surprised Wall Street by announcing its earnings will be above analysts' expectations. This is in contrast to many other technology bellwethers announcing decreased forecasts and posting weaker results.

The Palo Alto, Calif.-based computer and printer maker expects earnings of 84 cents per share and adjusted earnings of $1.03 per share for the three months ended in October. This is slightly better than the $1 per share that analysts were expecting.

HP forecast revenue of $33.6 million, just ahead of analysts' expectations of $33.09 billion.

by Mark Anderson | 11/18/08 | Stocks: HPQ,

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HP Posts Better than Expected 4Q Results

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