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Why HP Is Down After The Bell
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Reporter
Hewlett turns in a solid report after the bell, but revenue guidance of down 4 to 5 percent for the full year is a tad worse than expected.
Shares of Hewlett-Packard [HPQ
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] are falling about 3.5 percent after the close.Q2 results were inline with the Street’s forecast.
H-P’s services unit continued to drive results, with help from the integration of EDS. Additionally, slight weakness overseas in Europe/Middle East/Africa and Asia offset stronger performance in the Americas, where revenues rose 12 percent (excluding impact of currencies).
Earnings guidance for the current quarter looks to be inline with expectations too, although the company’s full year forecast of $3.76-$3.88 surpasses estimates of $3.71.
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- S&P 500 Down — But Not By Much
- EU Finance Ministers Won't Get Fooled Again
- Why Is Market So 'Tired' With Good News?
- What Exactly Have Greeks Agreed To?
- A Greek Deal, but What Is the Deal?
- No Greek Debt Deal? No Problem! (Maybe)
- Irish Finance Minister Causes Draghi's Worst Nightmare
- Caesars' Wild Open
- Forget the Incredible Shrinking Greek Politicians—It’s Draghi Time!
- Trading Day Has Lots of Moving Parts
Data is a real-time snapshot *Data is delayed at least 15 minutes
