Tuesday, May 8, 2007

HP lifts outlook as shares rise

(Reuters) - The world's biggest maker of personal computers and printers said it now expects to post revenue of $25.50 billion to $25.55 billion in the second quarter, which is about $1 billion more than it had previously forecast and well ahead of revenue in the period a year ago.

HP forecast adjusted earnings of 69 to 70 cents per share for the second quarter -- up from its previous estimate of 63 to 64 cents. Analysts were looking for earnings excluding items of 65 cents a share on revenue of $24.6 billion, according to Reuters Estimates.


Read more at Reuters.com Hot Stocks News

No comments: