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News Breaks January 10, 2013 14:06 EDT HPQ Law firms file class action suit against Hewlett-Packard for overtime pay Attorney Jahan Sagafi of Lieff Cabraser Heimann & Bernstein, LLP, and Adam Klein of Outten & Golden LLP announced the filing of a class action lawsuit charging that Hewlett-Packard has a common practice of misclassifying its technical support workers as exempt and failing to pay them for all overtime hours worked in violation of federal overtime pay laws. News For HPQ From The Last 14 Days Check below for free stories on HPQ the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 21, 2013 14:13 EDT HPQ Earnings Preview: Hewlett-Packard shares up more than 20% since Q1 report Hewlett-Packard (HPQ) is set to report Q2 earnings after the market close on Wednesday, May 22, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is an IT company that provides hardware, software, and business and enterprise solutions. EXPECTATIONS: Analysts are looking for EPS of 81c on revenue of $28.12B, according to First Call. The consensus range for EPS is 77c-83c on revenue of $27.01B-$29B. LAST QUARTER: HP reported Q1 EPS of 82c against estimates for 71c on revenue of $28.4B against estimates for $27.79B. HP said it sees Q2 EPS 80c-82c against then estimates for 77c. HP also reiterated its FY13 EPS view of $3.40-$3.60. In its Q1 earnings release, the company said personal systems revenue fell 8%, while consumer revenue fell 13%. On its Q1 earnings conference call, CEO Meg Whitman said the company's restructuring and turnaround plan was on track, but said the turnaround would not be linear. Whitman also said the company expects its personal systems revenue to decline at a faster rate than it did in Q1. On April 4, the company announced its chairman, Raymond Lane, would be stepping down, while also announcing that its independent director role would be eliminated. On April 10, IDC said worldwide PC shipments totaled 76.3M units in Q1, down 13.9% year-over-year, the largest decline since IDC began tracking global PC sales in 1994. On April 24, in an appearance on CNBC, noted short-seller Jim Chanos said he has been adding to his short position in HP. STREET RESEARCH: Analyst commentary since HP's Q1 report has been mixed, with the stock receiving an upgrade to Neutral from Sell at UBS the day after its Q1 report. On March 18, HP was upgraded to Overweight from Equal Weight at Morgan Stanley with a $27 price target, with the firm saying potential upside to free cash flow guidance could lead to aggressive buybacks and dividends. On April 2, Goldman downgraded the stock to Sell from Neutral with a $16 price target, saying incremental weakness in PC's, enterprise hardware, services, and printing will offset restructuring efforts. Citi also reiterated its Sell rating on HP following IDC's release of Q1 global PC shipments that showed a 13.9% decline. Last week, Cleveland Research said its estimates for HP remain below the Street, with the firm recommending investors remain on the sidelines. PRICE ACTION: Since the first day of trading following its Q1 report, shares of HP have gained more than 23.5%. Following HP's Q1 report, its shares jumped 12.28%, to $19.20, and shares closed as high as $23.84 in late March. In afternoon trading ahead of its Q2 report, shares of HP are unchanged at $21.18. 12:00 EDT HPQ Stocks with call strike movement; HPQ CLF Subscribe for More Information May 17, 2013 09:37 EDT HPQ Active equity option families trading on open Subscribe for More Information 07:00 EDT HPQ Hewlett-Packard volatility elevated into Q2 and revenue outlook Subscribe for More Information May 15, 2013 09:39 EDT HPQ Hewlett-Packard estimates remain below Street at Cleveland Research Subscribe for More Information 08:08 EDT HPQ PC sales decline in Western Europe, Economic Times reports Subscribe for More Information May 13, 2013 16:27 EDT HPQ Hewlett-Packard hasn't tried to sell Autonomy to SAP, AllThingsD reports Subscribe for More Information 15:45 EDT HPQ Options Update; May 13, 2013 Subscribe for More Information 10:41 EDT HPQ SAP says HP offered to sell Autonomy, London Times reports Subscribe for More Information May 10, 2013 14:52 EDT HPQ Market poised to end week higher as tech helps lead advance Subscribe for More Information May 8, 2013 09:50 EDT HPQ Pacific Crest has more questions than answers on Fusion-io Subscribe for More Information 09:20 EDT HPQ Fusion-io plummets after resignations of CEO, Chief Marketing Officer Subscribe for More Information 07:49 EDT HPQ BofA/Merrill's semiconductor analyst holds an analyst/industry conference call Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.