Tag Archives: hpq

HP Looking To Rebound In Q2 From Abysmal Q1 Earnings

Hewlett-Packard (HPQ) will have a lot to prove when it reports its fiscal second-quarter earnings after the market close Thursday. The computer products giant aims to rebound from its first-quarter earnings report, which included revenue that fell short of analyst estimates. Sales fell or were flat across all six of HP’s business sectors. HP stock tumbled nearly 10% on Feb. 25, the day following its earnings report, to a seven-month low. HP stock

Lenovo, HP leaving other PC vendors in the dust

L enovo and Hewlett-Packard (HPQ), the top two sellers of personal computers worldwide, were the only major PC vendors to increase their PC shipments year over year in the first quarter. Overall PC shipments fell more than 5% vs. Q1 2014, market researchers Gartner and IDC reported late Thursday. Gartner put the decline at 5.2%, while IDC said shipments fell 6.7%. Q1 shipments of 68.5 million PCs in the first quarter marked the lowest recorded volume since Q1 2009, IDC said. PC shipments faced multiple headwinds last quarter, including an inventory buildup of low-cost Windows Bing-based notebooks and a slowdown in commercial buying after the Windows XP refresh cycle. PC sales likely will get a boost this summer from the release of Microsoft’s (MSFT) Windows 10 operating system, IDC analyst Rajani Singh said in a statement. There is still a pent-up demand to replace older PCs…

Tableau, Other Analytics Firms Seen In Best Q1 Shape

Q1 earnings could be a tale of winners and losers, with companies likeHewlett-Packard (HPQ) and EMC on the short end, and analytics firms like Tableau and Splunk doing well. Customer demand for cloud, security and analytics products held up well in Q1, but PCs and storage were the two weakest tech segments last quarter, Brent Bracelin, an analyst for Pacific Crest Securities, said in a research report late Tuesday. Bracelin said the fundamentals