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Pre-Market Movers Hewlett-Packard Company, GameStop Corp, Ocean Rig UDW, Syngenta AG, ExOne Co., Cleantech Solutions International, 3D Systems Corporation, Advanced Micro Devices and Molycorp Inc.
Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services.
U.S. stocks fell, with benchmark indexes retreating from record highs, as concern grew that the Federal Reserve will scale back its stimulus efforts if the labor market continues to improve.
Hewlett-Packard Co. , the largest personal-computer maker, forecast fiscal third-quarter profit that topped analysts' estimates after the company cut costs to counter slumping demand for desktops and laptops.
Today: Tesla repays its federal loan early and Hewlett-Packard avoids a big dip in profit despite personal-computer industry's downfall.
Hewlett-Packard declared a quarterly dividend on Wednesday, May 22nd, AnalystRatings.Net reports.
Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades.
Hewlett-Packard's slump is deepening as the world's largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices.
The venerable Palo Alto company said it earned a profit of a little more than $1 billion on sales of $27.6 billion, which amounted to earnings of 55 cents per share.
Shares of NetApp Inc. jumped 5% early Wednesday a day after the data-storage systems company boosted its share repurchase program and announced a plan to cut 900 jobs.
Hewlett-Packard will provide an update on its efforts to rise above the sinking PC market when it releases quarterly earnings Wednesday after the closing bell.
Hewlett-Packard Co. is expected to report a sharp drop in revenues and earnings on Wednesday afternoon, as analysts brace for the impact of a weakening PC market and some level of uncertainty about the broader corporate technology space.
's stock had its "sector perform" rating reaffirmed by RBC Capital in a research note issued on Monday, StockRatingsNetwork reports.
Hewlett-Packard's latest quarterly results will show how badly the deteriorating personal computer market damaged the company while CEO Meg Whitman tries to expand into more profitable areas of technology.