By the numbers, the world's largest technology company by sales said non-GAAP net revenue in the fiscal fourth quarter inched up 1 percent to $32.3 billion. Analysts had predicted revenue of $32.05 billion on average, according to Thomson Reuters I/B/E/S.
For fiscal 2012, HP is projecting earnings of at least $4 per share, excluding items.
However, the company also issued a weak 2012 earnings forecast which led some pros to worry that the technology giant is heading into a testing year.
Anthony Scaramucci isn't worried by the outlook. ”CEO Meg Whitman is trying to be as dour as possible,” he says, “ to contain expectations.”
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Trader disclosure: On Nov 21, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour is long AAPL; Seymour is long BAC; Adami owns C; Adami owns GS; Adami owns INTC; Adami owns AGU; Adami owns NUE; Adami owns MSFT; Adami owns BTU; Kelly is long AAPL; Kelly is long GOOG; Kelly is long GLD; Kelly is long IBM; Kelly is long STD; Kelly is long CLF; Kelly is short Yen; Kelly is short Mexican Peso; Nations is long SPY; Nations is long call spreads AMZN; Nations is long S&P volatility
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Scaramucci held a fundraiser for Mitt Romney ; Scaramucci contributed to the Romney campaign
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