HPQ (49.44) Earnings great plus they announce 8 billion dollar buyback program. I hope this is what tech needed to get stocks going in the right direction again.
SAN FRANCISCO (MarketWatch) -- Hewlett-Packard Co. (HPQ:Hewlett-Packard Co.
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Last: 49.52-1.23-2.42%
3:57pm 11/19/2007
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HPQ 49.52, -1.23, -2.4%) on Monday reported a fiscal fourth-quarter profit of $2.2 billion, or 81 cents a share, on revenue of $28.3 billion. During the same period a year ago, H-P earned $1.7 billion, or 60 cents a share, on $24.6 billion in sales. Excluding charges and one-time items, H-P would have earned $2.3 billion, or 86 cents a share. By that measure H-P beat the estimates of analysts surveyed by Thomson Financial, who forecast H-P to earn 82 cents a share on $27.4 billion in sales. For its fiscal first-quarter, H-P forecast a profit of 80 cents a share on revenue between $27.4 billion and $27.5 billion.
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