Hewlett-Packard Q1 estimates improve
Hewlett-Packard has announced that it expects its fiscal first quarterly results, which will be posted next week, to be better than anticipated.
Results are now expected to overtake initial estimates, which were that revenues would fall slightly from its reported €12.4bn in the fourth quarter. Lehman Brothers analyst Dan Niles says that he expects revenues to increase in the low-to mid single digits from the fourth quarter and sees earnings in a range of 28cent to 35cent per share.