Hewlett-Packard Profit Beats Forecast

Nordstrom boosts profit outlook, Applied Materials issues upbeat guidance, and more of Wednesday's stocks in the news

Hewlett-Packard (HPQ ) posts third-quarter earnings per share (non-GAAP basis) of 36 cents, above analysts' forecast and up from 24 cents a year ago, on a 10% revenue rise. The computer company sees 44-47 cents fourth-quarter EPS on revenue of $22.4 billion to $22.8 billion. S&P raises estimates and keeps hold recommendation. First Albany, Prudential, and Banc of America upgrade the stock.

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