Shares of HPjumped 4% after hours Tuesday after the company beat revenue estimates and raised guidance.
HP’s earnings of 34 cents a share met estimates, and revenues of $20.11 billion topped $19.33 billion forecasts. HP said it sees second-half revenues of $39.7-$40.7 billion, compared to $39.7 billion estimates.
Applied Materialsbeat earnings and revenue estimates with 22-cent earnings and $2.02 billion revenues, but the stock slipped fractionally after the company’s gross margins came in lower than expected.
Also after the close, Network Applianceand AutoDeskbeat estimates.
Stocks finally posted gains during the day on strong results from Home Depotand a stronger than expected Japanese GDP report.
The Nasdaq climbed 21 to 1897, the S&P 500 rose 7 to 1091, and the Dow gained 61 to 9968. Volume declined to 1.35 billion shares on the NYSE, and 1.44 billion on the Nasdaq. Advancers led 24-9 on the NYSE, and 20-11 on the Nasdaq. Upside volume was 76% on the NYSE, and 77% on the Nasdaq. New highs-new lows were 18-61 on the NYSE, and 31-74 on the Nasdaq.
Computer Sciencesand Wind Riversurged after beating estimates.
Agilentslipped on its results, while CNTedged higher despite missing estimates.
Satyam Computer Servicesand Rediffsurged as India’s political fortunes reversed in a day.
Sprintgained on a wireless deal with AT&T.
Crayrose on a supercomputing deal.
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