Fears that emerging market demand for Dell Inc. and Hewlett-Packard Co technology products will slow and that the U.S. dollar will strengthen in the remainder of the year may overshadow earnings in line with or above Wall Street targets.
HP and Dell, the world's No. 1 and 2 personal computer makers, should deliver solid numbers in their quarterly earnings, with notebook sales likely leading growth, analysts said.
Key to that success is their performance outside the United States, where the credit crunch, a deteriorating housing market and other economic troubles have crimped consumer spending.
Analysts expect HP on Tuesday to report third-quarter fiscal 2008 earnings before items of $2.11 billion, or 84 cents a share on revenue of $27.4 billion, according to Reuters Estimates.
Dell on August 28 is projected to post second-quarter fiscal 2009 earnings before items of $721.4 million, or 36 cents a share, on revenue of $15.9 billion, according to Reuters Estimates.