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LaptopComputers posts

Hewlett-Packard reports blowout quarter

Posted Nov 19th 2007 4:50PM by Jonathan Berr (RSS feed)
Filed under: After the Bell, Earnings Reports, Forecasts, Good news, Dell (DELL), Hewlett-Packard (HPQ)

Hewlett-Packard (NASDAQ: HPQ) today reported quarterly earnings that beat Wall Street analysts' forecasts for the 11th straight quarter. The company also gave earnings guidance that exceeded analysts' estimates and announced an $8 billion stock buyback.

Net income soared 28% to $2.16 billion, or 81 cents a share, from $1.7 billion, or 60 cents, a year earlier. Excluding one-time items, profit was 86 cents. Revenue jumped 15% to $28.3 billion. The largest computer maker was expected to earn 82 cents on revenue of $21.39 billion. Shares of the Palo Alto, Calif.-based company rose in after-hours trading.

In the current quarter, Hewlett-Packard expects profit of 80 cents on sales of $27.4 billion to $27.5 billion, exceeding analysts' estimates of 77-cent profit and revenue of $26.99 billion.

This underscores the challenge Michael Dell faces in turning around Dell Inc. (NASDAQ: DELL). Hewlett-Packard has been kicking their butts ever since Mark Hurd took over as chief executive.

Flash: Dell cuts deal with largest Chinese electronics chain

Posted Sep 23rd 2007 8:51PM by Douglas McIntyre (RSS feed)
Filed under: International Markets, Products and Services, Dell (DELL), Hewlett-Packard (HPQ), China

According to The Wall Street Journal (subscription required), Dell (NASDAQ: DELL) has set up a partnership with Gome, the largest electronics retailer in China.

Gome has 1,000 stores in 168 cities. Dell has had only modest market share in China, behind HP (NYSE: HPQ), Leveno, and Acer. This is primarily due to its lace of retail distribution.

The WSJ adds "China's PC market is expected to sustain annual growth of 25% in the coming three to five years, according to IDC's estimates."

Douglas A. McIntyre is a partner at 24/7 Wall St.