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

May 23, 2012 4:17 PM EDT
Get Alerts HPQ Hot Sheet
Trade HPQ Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Momentum Movers

Related Entities


Add Your Comment