Hewlett-Packard Misses EPS; Warns of Tough Quarter Ahead
May 17, 2011Headline Alert
Earnings Update: Hewlett-Packard
Hewlett-Packard (HPQ) reported Q2 earnings per share of $1.24, which was $0.03 below the Reuter’s consensus estimate of $1.21.
The company reported revenues of $31.6 billion vs. Reuters $31.6 billion.
Hewlett-Packard guides Q3 EPS to $1.08 vs. Reuters $1.23 and reduces full-year EPS to $5.00 vs. prior guidance of $5.20-$5.28 and Reuters $5.23.
HPQ shares are currently trading higher in the pre-market at $38.18, which is $0.62 or -1.56% below yesterday’s close of $39.8.
Yesterday after the close, an email HPQ’s CEO was made public urging all managers to watch every penny going forward because the upcoming quarter was going to be difficult.
Hewlett-Packard Last 12 Months
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