Stocks to Watch: HP, Ford, Sears, Gap
NEW YORK -- Hewlett-Packard
HP reported earnings of 87 cents a share in the first quarter on revenue of $27.6 billion.
Analysts were looking for profit of 82 cents a share on sales of $28.36 billion.
"We beat the upper end of our non-GAAP diluted EPS outlook for the quarter by $0.05 per share, driven by better than expected performance in Enterprise Services and Printing, coupled with the accelerated capture of restructuring savings and improvement in our operations," said Meg Whitman, HP president and CEO, in a statement..
For the third quarter, HP expects it will earn on a non-GAAP basis between 84 cents and 87 cents a share. For the full year, the company expects non-GAAP earnings of between $3.50 and $3.60 a share.
The closure of the plants will mean the loss of 1,200 jobs.
Ford began making cars in Australia in 1925 and is the third-largest automaker in the country.
Wall Street expects Sears
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
>To submit a news tip, send an email to: firstname.lastname@example.org.