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	<title>Top Buzz &#187; stocks</title>
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		<title>HP Earnings Live Up to The Street&#8217;s Expectations</title>
		<link>http://www.top-buzz.net/2009/05/hp-earnings-live-up-to-the-streets-expectations/</link>
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		<pubDate>Tue, 19 May 2009 23:03:40 +0000</pubDate>
		<dc:creator>top-buzz</dc:creator>
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		<description><![CDATA[<p>Tech-giant, Hewlett Packard recently announced it&#8217;s first quarter earnings to the public.  They reported profits of $1.7 billion on total sales of $27.4 billion in the last quarter.  This comes out to earnings per share of $.86; excluding one-time charges (which HP previously reported), the adjusted earnings per share were $.70.
<p>HP said they expected earnings per share to be between $.84 and $.86, excluding the one-time charges.  Wall Street analysts also forecast earnings per share of $.86, again excluding the charges.  So, where&#8217;s the beef?  They met their own expectations as well as those of Wall Street.  Sure, revenue is down 17% from Q1 in 2008, but isn&#8217;t that the same across the board?
<p>It&#8217;s not hard to figure out where those losses came from; as business across the world slice their budgets and hold off on technology upgrades, the sales of PC&#8217;s and printers go down.  HP has certainly not been immune to this decline, but it seems to me that they&#8217;re still doing an OK job.  $1.7 billion in profit in a &#8216;recession&#8217; doesn&#8217;t sound too shabby to me.  But then again, what the heck do I know?  </p><div class="readmore"><a href='http://www.top-buzz.net/2009/05/hp-earnings-live-up-to-the-streets-expectations/' rel="nofollow">Continue Reading &raquo;</a></div><p>Tech-giant, Hewlett Packard recently announced it&#8217;s first quarter earnings to the public.  They reported profits of $1.7 billion on total sales of $27.4 billion in the last quarter.  This comes out to earnings per share of $.86; excluding one-time charges (which HP previously reported), the adjusted earnings per share were $.70.
<p>HP said they expected earnings per share to be between $.84 and $.86, excluding the one-time charges.  Wall Street analysts also forecast earnings per share of $.86, again excluding the charges.  So, where&#8217;s the beef?  They met their own expectations as well as those of Wall Street.  Sure, revenue is down 17% from Q1 in 2008, but isn&#8217;t that the same across the board?
<p>It&#8217;s not hard to figure out where those losses came from; as business across the world slice their budgets and hold off on technology upgrades, the sales of PC&#8217;s and printers go down.  HP has certainly not been immune to this decline, but it seems to me that they&#8217;re still doing an OK job.  $1.7 billion in profit in a &#8216;recession&#8217; doesn&#8217;t sound too shabby to me.  But then again, what the heck do I know?  </p><div class="readmore"><a href='http://www.top-buzz.net/2009/05/hp-earnings-live-up-to-the-streets-expectations/' rel="nofollow">Continue Reading &raquo;</a></div><p>The Flying Pig Marathon is set for its 11th edition Sunday May 3 and the City of Cincinnati is advising drivers to plan ahead and avoid streets along the race route.
<p>Race participants desiring near-by parking are advised to arrive early, before the streets close, to ensure there is plenty of time to park and to get to the starting line of the race.
<p>Spectators are encouraged to watch the race and cheer for the runners at various points along the route.<br />
The race course travels through various parts of Cincinnati, Mariemont, Fairfax, and Northern Kentucky, with a number of streets closed or open with restrictions to make way for the runners. (Read more <a href="http://www.local12.com/news/local/story/Street-Closures-Set-for-Flying-Pig-Marathon/3lvyliKIjEWTt9XVYaZDJA.cspx" target="_blank">here</a>)</p><div class="readmore"><a href='http://www.top-buzz.net/2009/05/hp-earnings-live-up-to-the-streets-expectations/' rel="nofollow">Continue Reading &raquo;</a></div><p>Almost 27,000 Runners Compete in Broad Street Run
<p>Rain did not dampen the spirits of the 27,000 runners who participated in the 30th annual Broad Street Run Sunday morning.
<p>The 10-mile foot race drew runners from across the country.  Mayor Michael Nutter got things started with the blow of an airhorn at 8:30:</p><div class="readmore"><a href='http://www.top-buzz.net/2009/05/hp-earnings-live-up-to-the-streets-expectations/' rel="nofollow">Continue Reading &raquo;</a></div><p>Severe storms beginning late April 27 into Tuesday have caused flooding in parts of the Houston area.
<p>The National Weather Service has issued a flood warning for the Cypress Creek at Stuebner-Airline Road area, where it says record flooding has occurred, but expects river levels to decrease throughout the day.
<p>Earlier thunderstorms dropped five to seven inches of rain over the northwest Houston area, and run-off produced the rise in water at Stuebner-Airline Road.</p><div class="readmore"><a href='http://www.top-buzz.net/2009/05/hp-earnings-live-up-to-the-streets-expectations/' rel="nofollow">Continue Reading &raquo;</a></div><p>Tech-giant, Hewlett Packard recently announced it&#8217;s first quarter earnings to the public.  They reported profits of $1.7 billion on total sales of $27.4 billion in the last quarter.  This comes out to earnings per share of $.86; excluding one-time charges (which HP previously reported), the adjusted earnings per share were $.70.
<p>HP said they expected earnings per share to be between $.84 and $.86, excluding the one-time charges.  Wall Street analysts also forecast earnings per share of $.86, again excluding the charges.  So, where&#8217;s the beef?  They met their own expectations as well as those of Wall Street.  Sure, revenue is down 17% from Q1 in 2008, but isn&#8217;t that the same across the board?
<p>It&#8217;s not hard to figure out where those losses came from; as business across the world slice their budgets and hold off on technology upgrades, the sales of PC&#8217;s and printers go down.  HP has certainly not been immune to this decline, but it seems to me that they&#8217;re still doing an OK job.  $1.7 billion in profit in a &#8216;recession&#8217; doesn&#8217;t sound too shabby to me.  But then again, what the heck do I know?  </p><div class="readmore"><a href='http://www.top-buzz.net/2009/05/hp-earnings-live-up-to-the-streets-expectations/' rel="nofollow">Continue Reading &raquo;</a></div><p>The Flying Pig Marathon is set for its 11th edition Sunday May 3 and the City of Cincinnati is advising drivers to plan ahead and avoid streets along the race route.
<p>Race participants desiring near-by parking are advised to arrive early, before the streets close, to ensure there is plenty of time to park and to get to the starting line of the race.
<p>Spectators are encouraged to watch the race and cheer for the runners at various points along the route.<br />
The race course travels through various parts of Cincinnati, Mariemont, Fairfax, and Northern Kentucky, with a number of streets closed or open with restrictions to make way for the runners. (Read more <a href="http://www.local12.com/news/local/story/Street-Closures-Set-for-Flying-Pig-Marathon/3lvyliKIjEWTt9XVYaZDJA.cspx" target="_blank">here</a>)</p><div class="readmore"><a href='http://www.top-buzz.net/2009/05/hp-earnings-live-up-to-the-streets-expectations/' rel="nofollow">Continue Reading &raquo;</a></div><p>Almost 27,000 Runners Compete in Broad Street Run
<p>Rain did not dampen the spirits of the 27,000 runners who participated in the 30th annual Broad Street Run Sunday morning.
<p>The 10-mile foot race drew runners from across the country.  Mayor Michael Nutter got things started with the blow of an airhorn at 8:30:</p><div class="readmore"><a href='http://www.top-buzz.net/2009/05/hp-earnings-live-up-to-the-streets-expectations/' rel="nofollow">Continue Reading &raquo;</a></div><p>Severe storms beginning late April 27 into Tuesday have caused flooding in parts of the Houston area.
<p>The National Weather Service has issued a flood warning for the Cypress Creek at Stuebner-Airline Road area, where it says record flooding has occurred, but expects river levels to decrease throughout the day.
<p>Earlier thunderstorms dropped five to seven inches of rain over the northwest Houston area, and run-off produced the rise in water at Stuebner-Airline Road.</p><div class="readmore"><a href='http://www.top-buzz.net/2009/05/hp-earnings-live-up-to-the-streets-expectations/' rel="nofollow">Continue Reading &raquo;</a></div>

Related posts:Street Closures Set for Flying Pig Marathon ...Broad Street Run Kicks Off ...Houston Street Flooding Photos ...


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