Thursday, May 24, 2012

Hewlett-Packard To Lay Off 27000 Employees; 2Q Profit Down 31 ...

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May 24th 2012, 11:43

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By on Thursday, May 24, 2012

(RTTNews) - Shares of Hewlett-Packard Co. (HPQ: News ) surged more than 10% in after hours trading after the computer and printer maker reported forecast-beating second quarter results and raised its full year earnings outlook.

This week is going to be an earnings bonanza for investors who care about makers of personal computers. While Apple Inc. (NASDAQ: AAPL) is all of the rage, we have Dell Inc. (NASDAQ: DELL) reporting earnings after the

Implied volatility in Hewlett Packard (HPQ) options is elevated after DELL's earnings disappointment and heading into H-P's earnings, due out after the closing bell. The stock is down 82 cents to $20.95 in brisk trading of 37

NTAP -25.1%, P +13.7%, HPQ +6.3% Following Earnings/Guidance. The major market averages fell in excess of 1% as the euro descended to a near two-year low, but support in afternoon action helped the broad market rally

Hewlett-Packard is at least starting today's earnings report with good news: It has beat the expectations of Wall Street analysts. Per-share earnings at 98 cents beat the Street forecast of 91 cents, while sales, which were thought to be light,

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