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Hewlett-Packard Company (NYSE:HPQ) is still embroiled in a scandal or two based on corporate spying and employee impersonations, but that didn't keep the calendar year of 2006 flat by any means. HP overtook rival Dell Inc. (NASDAQ:DELL) in overall revenues in the computer industry last year, helped by refreshed designs along with a bigger focus on the retail and consumer segment.
Will that translate into HP meeting its expectations when it reports this Tuesday, February 20th? We will all see then -- and I'll be live blogging the event right here at http://hpq.bloggingstocks.com, so stay tuned to this website on Tuesday as we cover the HP quarterly webcast in real-time, starting around 2:00 pm Pacific Time.
Analysts surveyed by Thomson Financial estimate HP will earn 62 cents a share for its most recent quarter, excluding one-time items. This would be a 30% increase over the 48 cents a share it earned in the year-ago quarter. Quarterly revenue is also forecast to rise 7% -- to $24.3 billion from $22.6 billion a year ago.
Will HP meet, beat, or blow past expectations? You decide.
Also check out some other earnings reports that we're following, and let us know what you're expecting.
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