Shares of HP
jumped 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.
beat 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 Appliance
Stocks finally posted gains during the day on strong results from Home Depot
and 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.
and Wind River
surged after beating estimates.
slipped on its results, while CNT
edged higher despite missing estimates.
Satyam Computer Services
surged as India’s political fortunes reversed in a day.
gained on a wireless deal with AT&T
rose on a supercomputing deal.
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