This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks to Watch: Dell, HP (Update 1)

NEW YORK ( TheStreet) -- PC maker Dell's (DELL) fiscal fourth-quarter earnings came in below analysts' expectations despite a solid revenue performance.

Dell reported non-GAAP earnings of $913 million, or 51 cents a share, on revenue of $16.03 billion for the quarter ended Feb. 3. Analysts were expecting earnings of 52 cents a share on revenue of $15.96 billion.

For the current fiscal year, the company expects non-GAAP earnings of more than the $2.13 a share it earned last year. Wall Street expects a profit of $2.05 a share in the fiscal year ending in January 2013.

Dell also said it expects a sequential decline in revenue of 7% in its fiscal first quarter ending in April.

Shares were down 6.9% to $18.21 in premarket trading Wednesday.

Hewlett-Packard (HPQ - Get Report) is expected by analysts after the closing bell Wednesday to report earnings of 87 cents a share on revenue of $30.7 billion.

HP has guided for a profit of 83 to 86 cents a share in the quarter.

Shares were slipping 0.3% to $29.35.

Homebuilder Toll Brothers (TOL - Get Report) posted a fiscal first-quarter loss of $2.8 million, or 2 cents a share, a swing from year-earlier net income of $3.4 million, or 2 cents.

Revenue fell to $322 million from $334.1 million a year earlier.

Analysts expected Toll to earn 2 cents a share on revenue of $360.8 million.

Shares were plummeting 5.1% to $23.70 in premarket trading.

Brocade Communications (BRCD - Get Report), the maker of communications networking equipment, posted an adjusted first-quarter profit of $93 million, or 20 cents a share, on revenue of $561 million.

Analysts were expecting earnings of 13 cents a share on revenue of $542.2 million.

Shares were rising 6% to $5.50 Wednesday.

Citigroup (C)faces a potential multibillion dollar write-down on its minority investment in the Morgan Stanley Smith Barney brokerage, The Wall Street Journal reported Wednesday.

Negotiations over how much Morgan Stanley will pay to buy Citigroup out of the joint venture formed in 2009 will begin in the spring, according to the report. Citigroup's stake in the business is estimated at $10 billion in equity.

Citigroup shares were slipping 0.5% in premarket trading.

Apple (AAPL - Get Report) will hold a shareholders' meeting on Thursday. The meeting comes as Apple has faced some criticism over worker conditions at Foxconn, its contractor in China.

The company also may have to address what it plans to do with its cash pile of nearly $98 billion. Some analysts speculate that Apple will pay a "special dividend." Investors are also awaiting any hints on product announcements, including the highly anticipated iPhone5, iPad3 and Apple TV.

Shares of Apple, which recently soared to an all-time high of $526.29, were trading sideways in premarket trading Wednesday.

Johnson & Johnson's (JNJ) Bill Weldon is stepping down as the health care giant's CEO.

He will be replaced by Alex Gorsky, vice chairman and head of the company's largest business by revenue, on April 26, the day of J&J's annual shareholder's meeting.

Shares were up 0.2% to $65.04.

Express Scripts (ESRX), the pharmacy benefits manager, is expected to earn 85 cents a share in its December-ended quarter, according to analysts, on revenue of $11.6 billion.

Shares were up 0.4% to $52.31.

-- Written by Chao Deng and Joseph Woelfel in New York.

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:

Related links:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DELL $0.00 0.00%
AAPL $92.69 -0.59%
BRCD $8.07 0.62%
HPQ $11.59 1.20%
TOL $26.46 -0.60%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs