WWW - Posts tagged 3rd quarter at BloggingStocks

3rd quarter posts

HP earnings are in: solid quarter with somewhat soft guidance

Posted Nov 16th 2006 4:07PM by Melly Alazraki (RSS feed)
Filed under: Earnings Reports, Hewlett-Packard (HPQ)

Just watching CNBC and saw that Hewlett-Packard Co. (NYSE:HPQ) had just reported fourth-quarter financial results:

$0.68 earnings per share, analysts were expecting $0.64.
Revenue was up 6% to $24.6 billion, the Street forecast $24.1 billion
Operating income $1.9 billion
Inventories climbed from $7.4 billion last quarter to $7.75 billion this quarter
Guidance: 60-62 cents non-GAAP EPS, somewhat lower from Street's expectations

Revenue beat estimates by $500 million. Mark Hurd's cost cutting measures seem to have worked. Good profitability with expanding operating margins. Guidance is a concern.

Key drivers: Profitability and year-to-year growth in the computers, printers and services.

Shares are up a little in after-hours.

ExxonMobil records second-largest profit ever; America loves cars more than homes

Posted Oct 26th 2006 9:15AM by Sarah Gilbert (RSS feed)
Filed under: Before the Bell, Earnings Reports, Good news, Exxon Mobil (XOM)

It's a good day to be King. ExxonMobil Corporation (NYSE:XOM) is king, all right, the beneficiary of those millions of Americans who won't give up their SUV, the receiver of high summer oil prices, the blushing bride of the resource junkie. The oil company released its third quarter results and earnings were $10.49 billion, $1.77 a share, the second-highest total ever for the company and a 6% increase from the year-earlier quarter.

Analysts had expected only $1.59 per share, so the stock was up already in pre-market trading to about $72.10.

The shares are expected to raise the overall market on a day when housing news is gloomy, gloomy and expected to be even gloomier. Are cars more important to Americans than their houses? So it would seem, and if the news continues to trend like this, maybe the citizens of the great U.S. of A. will just move into those beloved autos.