Wednesday, May 17, 2006
HP Beats the Street -- Again
Hewlett Packard's (NYSE: HPQ) Quarter Two revenues held to Wall Street expectations, and profits exceeded the analysts' consensus. Forbes' Danit Lidor reports the results and focuses in on the fact that the Printing and Imaging business contributed almost $1 Billion of the company's $1.7 Billion of operating profit ("HP Prints Money"). At the open of Wednesday's NYSE, HPQ is reported to be up about 4%, per CNBC.