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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: gladman who wrote (9452)	5/16/2001 4:46:01 PM
From: gladman	Respond to of 19633

HWP - came in with lower than expected rev -$400m H-P beats profit expectations (HWP) By Mike Tarsala Computer-and-printer maker Hewlett-Packard (HWP) beat analysts' lowered expectations with adjusted pro-forma earnings of $356 million, or 18 cents a share, but it came in with lower-than-expected revenue, and less than half the earnings analysts initially projected. Palo Alto, Calif.-based H-P reported pro forma earnings before "extraordinary items" of $356 million, compared with $887 million in the year-ago period. Revenue was $11.6 billion, down from $12 billion in the year-ago quarter. Analysts surveyed by First Call/Thomson Financial expected the company to earn 15 cents a share on revenue $11.8 billion. Hewlett-Packard shares closed at $26.74, up $1.34, or 5.3 percent, ahead of the report.