Tuesday, May 8, 2007

UPDATE 1-Hewlett-Packard says raises second-quarter outlook

(Reuters) - The world's biggest maker of personal computers and printers now expects to post revenue of $25.5 billion to $25.55 billion in the second quarter, which is about about $1 billion more than it previously forecast and well-ahead of revenue in the period a year ago.

At the same time HP raised its forecast for earnings per share, which will also be helped by share buyback that reduced the amount of outstanding stock.


Read more at Reuters.com Market News

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