H-P's Report Is Retort to Critics

Updated from 10:52 a.m. EST

Investors rewarded Hewlett-Packard Wednesday for beating expectations in its latest earnings report, sending the stock 5% higher. The stock was recently up $1.02 to $20.70.

But a majority of analysts, who've recently stepped up their criticism of H-P, said they're not ready to start endorsing the shares yet.

"While the company regained profitability in its enterprise segment and grew profitability in its PC division, we question H-P's ability to deliver sustainable income in these segments," said Needham analyst Charlie Wolf in a morning note. He's keeping his hold rating; his firm hasn't done banking for H-P. ...