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Hewlett-Packard (NASDAQ: HPQ) logo 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.

Hewlett-Packard reports blowout quarter originally appeared on BloggingStocks on Mon, 19 Nov 2007 16:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>dellhpqinthenewslaptop computersLaptopComputersmark hurdMarkHurdmichael dellMichaelDellpcstech stocksTechStocksMon, 19 Nov 2007 16:50:00 EST<![CDATA[Flash: Dell cuts deal with largest Chinese electronics chain]]>http://www.bloggingstocks.com/2007/09/23/flash-dell-cuts-deal-with-largest-chinese-electronics-chain/http://www.bloggingstocks.com/2007/09/23/flash-dell-cuts-deal-with-largest-chinese-electronics-chain/http://www.bloggingstocks.com/2007/09/23/flash-dell-cuts-deal-with-largest-chinese-electronics-chain/#commentsFiled under: , , , ,

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.

Flash: Dell cuts deal with largest Chinese electronics chain originally appeared on BloggingStocks on Sun, 23 Sep 2007 20:51:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>chinachina pc marketChinaPcMarketchinese computer saleschinese laptop saleschinese pc salesChineseComputerSalesChineseLaptopSalesChinesePcSalesdelldell-gome partnershipDell-gomePartnershipgomehewlett-packardhphpqinthenewslaptop computersLaptopComputerslenovopcpersonal computersPersonalComputersSun, 23 Sep 2007 20:51:00 EST