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HP Offers Bullish 2011 Guidance

HP has surpassed Wall Street's expectations with its guidance for fiscal 2011.

PALO ALTO, Calif. (

TheStreet

) -- Tech giant

Hewlett-Packard

(HPQ) - Get HP Inc. Report

, 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.

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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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