Consumer Electronics
HP Offers 2011 Revenue & Earnings Projections (HPQ)
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Hewlett-Packard Company (NYSE: HPQ) just released slightly better-than-expected guidance. The company just noted:
As far as how this compares to 2010 estimates, the company last month gave guidance of $4.49 to $4.51 EPS on revenues of $125.3 billion to $125.5 billion. Thomson Reuters has 2011 estimates of $4.99 EPS and $131.42 billion in revenues.
As a reminder, H-P is still without a CEO. The recent distractions have been great, but it also still has much of an addressable market that can add right to the top-line and ultimately to the bottom-line in total tech spending dollars.
Shares are getting back to the post-Herd levels of where the stock initially went after the Mark Hurd fiasco was announced. Shares closed up 0.87% at $41.62 on the day and the 52-week range is $37.32 to $54.75. After the Hurd-outing, shares fell from roughly $46 to under $42 and ultimately to under $38 before the most recent recovery. In the after-hours session, HP shares are up 1.3% at $42.20.
JON C. OGG
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