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Gordon Haskett: Is Activist Targeting HP?
Wednesday, October 2, 2019 - 2:47pm | 385Trading volume for shares of HP Inc (NYSE: HPQ) is unusually high in recent days, and Gordon Haskett analyst Don Bilson speculated Wednesday that an activist investor could be targeting the stock. Bilson, who heads event-driven research at the firm, said in a note that a huge spike in recent...
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A 'Quarter Of Bad News': HP Disappoints On Sales, CEO Departure
Friday, August 23, 2019 - 2:05pm | 519HP Inc (NYSE: HPQ) reported a "quarter of bad news," according to Morgan Stanley. The Analyst Morgan Stanley analyst Katy Huberty maintains an Equal-weight rating on HP with a price target lowered from $23 to $21. Wells Fargo analyst Aaron Rakers maintains at Market Perform, price target...
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HP Inc Falls After Q3 Earnings; CEO To Step Down
Thursday, August 22, 2019 - 4:17pm | 190HP Inc (NYSE: HPQ) shares are down after reporting a third-quarter sales miss. Earnings came in at 58 cents per share, beating estimates by 3 cents. Sales came in at $14.6 billion, missing estimates by $20 million. "We continued to deliver strong free cash flow and non-GAAP EPS growth, while...
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HP Beats Earnings, Raises Guidance, And The Stock Drops
Wednesday, August 23, 2017 - 4:28pm | 201HP Inc (NYSE: HPQ) delivered a third quarter beat on both the top and bottom line and raised its fiscal 2017 year outlook Wednesday after the bell. HP reported Q3 Adjusted EPS of $0.43, beating estimates by a penny. Revenues came in at $13.1 billion, $800 million higher than expectations....
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UPDATE: Credit Suisse Upgrades Hewlett-Packard Company Amid Split
Monday, October 6, 2014 - 4:55pm | 248Hewlett-Packard Company (NYSE: HPQ) shares surged on news of a split; Credit Suisse upgraded shares from Neutral to Outperform with a change in price target from $35 to $45. Analysts led by Kulbinder Garcha reported that "HP is splitting its PSG/IPG businesses (48 percent of revenues and...
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Hewlett-Packard PC Sales Up First Time In Seven Quarters
Friday, February 21, 2014 - 12:05pm | 573On a conference call Thursday, Hewlett-Packard (NYSE: HPQ) chief executive officer, Meg Whitman had some good and unexpected news about revenue growth. Not just revenue growth per se but growth in the unlikeliest of areas, PC sales. The Personal Systems Group (PSG) posted revenue of $8.5...