HP Offers Bullish 2011 Guidance
PALO ALTO, Calif. (
) -- Tech giant
Hewlett-Packard
, 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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