HP Offers Bullish 2011 Guidance

PALO ALTO, Calif. ( TheStreet) -- Tech giant Hewlett-Packard ( HPQ), still searching for someone to replace recently-ousted CEO Mark Hurd, has given bullish guidance for fiscal 2011.

The computer maker predicted revenue between $131.5 billion and $133.5 billion during its annual analyst meeting on Thursday, according to Reuters. Analysts surveyed by Thomson Reuters had predicted sales of $131.42 billion.
HP

Excluding items, HP also forecast earnings between $5.05 and $5.15 a share, compared to Wall Street's estimate of $4.99.

There is, however, still no word on HP's new CEO, although potential HP successors Ann Livermore, Dave Donatelli and Vyomesh Joshi were all scheduled to speak during the company's analyst meeting event.

HP shares rose 58 cents, or 1.39%, to $42.15 in extending trading on Tuesday.

--Written by James Rogers in New York.

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