HP Offers 2011 Revenue & Earnings Projections (HPQ)
Hewlett-Packard Company (NYSE: HPQ) just released slightly better-than-expected guidance. The company just noted: H-P released information about the company’s revenue and earnings per share outlook for its 2011 fiscal year. For the full fiscal year, HP expects revenue of approximately…
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- H-P released information about the company’s revenue and earnings per share outlook for its 2011 fiscal year. For the full fiscal year, HP expects revenue of approximately $131.5 billion to $133.5 billion, GAAP diluted earnings per share in the range of $4.35 to $4.45, and non-GAAP diluted earnings per share in the range of $5.05 to $5.15. This non-GAAP diluted earnings per share estimate excludes after-tax costs of approximately $0.70 per share, related primarily to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.
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
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
