HP Posts Higher First Quarter Earnings

DaimlerChrysler posts stronger results; Applied Materials tops expectations; plus more stocks in the news Thursday

Shares of Hewlett-Packard (HPQ) moved higher Thursday after the technology outfit posted 48 cents vs. 37 cents first quarter earnings per share EPS (non-GAAP) on a 5.6% revenue rise. The technology heavyweight sees 47 cents to 49 cents second quarter non-GAAP EPS, including stock option expense, on $22.4 billion to $22.6 billion revenue, and $1.90 to $1.95 2006 EPS on $90 billion to $91 billion revenue.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.