HPmet estimates after the close on Thursday in what CEO Carly Fiorina called the company’s “most balanced profit performance since the merger” with Compaq.
Earnings of 35 cents a share met estimates, and revenues of $19.51 billion topped $19.38 billion forecasts. The company also raised first quarter revenue estimates.
Also after the close, BEAand Serenabeat estimates, and Wireless Facilitieswarned.
The market sold off during the day on a weaker than expected manufacturing report after gapping higher at the open on strong results from Applied Materials.
The Nasdaq fell 30 to 2045, the S&P 500 lost 4 to 1147, and the Dow declined 7 to 10,664. Volume rose to 1.52 billion shares on the NYSE, and 2.1 billion on the Nasdaq. Decliners led 20-12 on the NYSE, and 20-10 on the Nasdaq. Downside volume was 62% on the NYSE, and 82% on the Nasdaq. New highs-new lows were 233-4 on the NYSE, and 178-8 on the Nasdaq.
Applied Materialsfinished in the red after opening higher on better than expected results.
Intuitfell 8% on a warning, while Omnivisionsoared 15% after blowing past estimates.
Nextellost 4% despite beating estimates and raising guidance.
EMCfinished unchanged after trading higher on company comments that IT spending is improving.
Cienalost 2% on news of acquisitions.
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