HP’s Hurd: “Exceptional Quarter”
Outstanding quarter from Hewlett Packard (HPQ): Revenues up 13% from the year ago period which is a big increase for a company of this size. All goods categories (servers, computers, printers, supplies) were strong. Net income was up 25% from the year ago period.
HP is forecasting $4.45-$4.50 in EPS for the current fiscal year so at $47 the stock is actually cheap.
Disclosure: Top Gun has no position in Hewlett Packard (HPQ) shares.