HP (HPQ) Investors Breath Sigh of Relief Amid Q2 Beat, Restructuring Effort; Shares Up 6% After Hours

May 23, 2012 4:17 PM EDT Send to a Friend
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Price: $39.82 +3.03%

EPS Growth %: +5.0%

Financial Fact:
Services: 9.3B

Today's EPS Names:
NEOG, ATU, ACN, More
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After trading rather sharply lower throughout Wednesday's intraday session (down more than 3 percent at the close), HP (NYSE: HPQ) shares have jumped about 6 percent.

The company's second-quarter figures topped the Street nicely, while the FY12 guidance was raised. News of a massive restructuring effort is likely adding to investor optimism.

The stock last traded at $22.45.


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