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Stock Market & Financial Investment News

News Breaks
February 21, 2013
18:05 EDTHPQHewlett-Packard: Restructuring program on track, but turnaround won't be linear
On Hewlett-Packard's (HPQ) Q1 earnings conference call, CEO Meg Whitman noted that although the company's restructuring program remained on track, the overall turnaround would not be linear. Whitman said, "Since announcing our turnaround plan we've done what we said we would do. We've defined a clear strategy for the business and we've made significant progress in bringing our costs in line with revenues. With the first quarter of 2013 behind us, we're starting to see some traction in our performance as a result of the actions we took in 2012 to lay the foundation for HP's future. HP's turnaround will not be linear, and our primary focus is to deliver on our outlook for the full year." Whitman indicated that the restructuring program had a meaningful impact on the bottom line in Q1, and she expects that will accelerate as the company moves through FY13 and into FY14. Restoring sales growth was seen as a priority. Management continued to see headwinds in BCS and the traditional storage business, but said, "we feel good about the rest of the year." They confirmed that there are no plans to break up the company, however they did expect that the Personal Systems revenue will decline year-over-year at a faster rate than it did in the first quarter. 2013 was seen as a fix and rebuild year that would set HP up for a recovery and expansion in 2014.
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November 25, 2014
17:30 EDTHPQHP sees commercial PC growth to moderate in Q1
Comments from Q4 earnings call.
16:26 EDTHPQHP down 1% to $37.25 after reporting Q4 results, guidance
16:10 EDTHPQHP says Q4 personal systems revenue was up 4% year over year
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16:08 EDTHPQHP sees FY15 EPS $3.83-$4.03, consensus $3.95
16:07 EDTHPQHP sees Q1 EPS 89c-93c, consensus 93c
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16:06 EDTHPQHP reports Q4 EPS $1.06, consensus $1.06
Reports Q4 revenue $28.4B, consensus $28.76B.
15:31 EDTHPQNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus $1.06; Analog Devices (ADI), consensus 68c; Cubic (CUB), consensus 94c; Nimble Storage (NMBL), consensus (16c); Veeva Systems (VEEV), consensus 8c; Infoblox (BLOX), consensus 3c; TiVo (TIVO), consensus 7c; Perfect World (PWRD), consensus 40c.
15:10 EDTHPQHP November weekly 38 straddle priced for 4.1% move into Q4
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14:18 EDTHPQHP technical notes before results
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12:35 EDTHPQEarnings Preview: Analysts take positive view of HP after split plan
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10:43 EDTHPQHP volatility elevated into Q4 and outlook
HP November weekly call option implied volatility is at 50, December is at 25, January and February is at 22; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on November 25.
November 24, 2014
11:49 EDTHPQCitigroup mobile devices analysts hold an analyst/industry conference call
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07:28 EDTHPQHP price target raised to $45 from $40 at Deutsche Bank
Deutsche Bank raised its price target for HP shares to $45 ahead of the company's Q4 results on November 25. The firm expects an in-line quarter with the potential for higher earnings due to buybacks. To reflect higher buybacks, Deutsche raised its earnings estimates and it keeps a Buy rating on HP.
06:44 EDTHPQHP volatility elevated into Q4 and outlook
HP November weekly call option implied volatility is at 52, December is at 30, January is at 23, February is at 22; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on November 25.
November 23, 2014
14:29 EDTHPQ3D printing draws regulatory scrutiny as its applications spread, FT says
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November 21, 2014
12:08 EDTHPQHP December volatility elevated into Q4 and outlook
HP November weekly call option implied volatility is at 41, December is at 32, January is at 23, February is at 22; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on November 25.
November 20, 2014
12:00 EDTHPQAnalyst sees new competition shaking up 3D printing market
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08:04 EDTHPQHP December volatility elevated into Q4 and outlook
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November 19, 2014
16:32 EDTHPQStratasys appoints ex-Hewlett-Packard Chris Morgan as CMO
Stratasys (SSYS) appointed Chris Morgan as Senior VP and Chief Marketing Officer for Stratasys. Morgan is a 25-year veteran of HP (HPQ).
07:46 EDTHPQSymantec, Hewlett-Packard announce DRaaS solution partnership
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