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Wednesday, August 31, 2011

Hewlett-Packard Faces Challenges As It Attempts Remake

In earnings news, shares of Dow component Hewlett-Packard (HPQ), the world's largest personal computer maker, plunged -20.0% after the company lowered its outlook for the full year and the current quarter. HP reported a fiscal third-quarter profit of

Media is not going to acquire the company but it is making a strategic investment in the company. Hewlett-Packard Company (NYSE: HPQ) is the gift that keeps on taking and it now trades at less than six-times forward earnings.

Sears Holdings (NASDAQ:SHLD) posted a Q2 loss of $1.13, wider than the Zacks Consensus Estimate for a loss of $0.64 per share. Revenues for the quarter.

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Sears Holdings (NASDAQ:SHLD) posted a Q2 loss of $1.13, wider than the Zacks Consensus Estimate for a loss of $0.64 per share. Revenues for the quarter.

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