Cantor Fitzgerald Maintains Hold on Hewlett-Packard (HPQ) Following Q2; Sees 'Limited Upside' in HP's stock

Needham & Company Remains Sidelined Following Hewlett-Packard's (HPQ) F2Q Results

Needham & Company maintain a Hold rating on Hewlett-Packard (NYSE: HPQ) following F2Q results. Total revenue reported was 25.4B, slightly below consensus of $25.7B. Non-GAAP EPS of $0.92 was above consensus of $0.85. For F3Q (Jul), HP expects $0.83-0.87 in non-GAAP EPS, compared to consensus estimates of $0.87

Needham & Company analyst Richard Kugele commented on the... More

After-Hours Stock Movers 05/21: (ABTL) (STEM) (BBRY) (HPQ) Higher; (ARO) (OTIC) (VGGL) Lower (more...)

Aeropostale (NYSE: ARO) 19.7% LOWER; reported Q1 EPS of ($0.56), $0.01 worse than the analyst estimate of ($0.55). Revenue for the quarter came in at $318.6 million versus the consensus estimate of $324.91 million. Comparable sales, including the e-commerce channel, for the first quarter decreased 11%, compared to a decrease of 13% for the corresponding 13-week period ended May 3, 2014. Aeropostale sees Q2 2015 EPS of ($0.60)-($0.52), versus the consensus of ($0.37).

Otonomy (NASDAQ: OTIC) 17.9% LOWER; announced topline results from its Phase 2b trial evaluating OTO-104 in patients... More

Hewlett-Packard (HPQ) Tops Q2 EPS by 1c; Guides Q3 EPS to Low-Side of Expectations

(Updated - May 21, 2015 4:08 PM EDT)

Hewlett-Packard (NYSE: HPQ) reported Q2 EPS of $0.87, $0.01 better than the analyst estimate of $0.86. Revenue for the quarter came in at $25.5 billion versus the consensus estimate of $25.68 billion.

Separation update HP provided an update on its planned separation into two independent, Fortune 50 companies. The separation remains on track and the company expects associated dis-synergies of approximately $400 to $450 million.

The company also announced new future leadership appointments for both companies: Cathie Lesjak will become Chief Financial Officer of HP Inc. Lesjak's deep expertise will... More

Global Chromebook Sales Expected to Rise 27% in 2015 - Gartner (GOOG) (HPQ)

Worldwide Chromebook sales to end users is on pace to reach 7.3 million units in 2015, a 27 percent increase from 2014, according to Gartner, Inc. Education is the primary market for Chromebooks and represented 72 percent of the global Chromebook market in 2014.

"Since the first model launched in mid-2011, Google's Chromebook has seen success mainly in the education segment across all regions," said Isabelle Durand, principal analyst at Gartner. "In 2014, the education sector purchased 72 percent of Chromebooks in EMEA, 69 percent in Asia/Pacific, and 60 percent in the U.S. (see Table 1).

Table 1. Chromebook Sales Market Share by Segment and Region, 2014... More

Notable Mergers and Acquisitions 5/21: (CVS)/(OCR) (HPQ) (CTP)

* CVS Health (NYSE: CVS) and Omnicare, Inc. (NYSE: OCR) announced today that they have entered into a definitive agreement for CVS Health to acquire Omnicare, the leading provider of pharmacy services to long term care facilities, for $98.00 per share in cash, for a total enterprise value of approximately $12.7 billion, which includes approximately $2.3 billion in debt. In total, Omnicare has approximately 13,000 employees at 160 locations in 47 states across the U.S.

With the acquisition of Omnicare, CVS Health will significantly expand its ability to dispense prescriptions in... More

Hewlett-Packard (HPQ) Will Sell Majority Stake in H3C to Tsinghua Holdings

Hewlett-Packard (NYSE: HPQ) and Tsinghua Holdings today jointly announced a partnership that will bring together Chinese enterprise technology assets of Hewlett-Packard and China's prestigious Tsinghua University to create the leading Chinese provider of technology infrastructure.

Under the definitive agreement, Tsinghua Holdings subsidiary, Unisplendour Corporation, will purchase a 51% stake in a new business called H3C, comprising H3C Technologies and HP's China-based server, storage and technology services businesses, for approximately $2.3 billion, valuing the total business at $4.5 billion (net of cash and debt). Combining these two entities, the new H3C will be a... More

Trading Radar for 5/21: H-P (HPQ), Gap (GPS), Marvell (MRVL), Best Buy (BBY), Fresh Market (TFM) Report

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT
Initial Claims - Street sees 270k

Continuing Claims - Street sees 2.250M

Earnings:

Advance Auto Parts (NYSE: AAP) - consensus EPS $2.50
Best Buy (NYSE: BBY) - consensus EPS $0.29
Bon-Ton Stores (Nasdaq: BONT) - consensus loss $1.56
Booz Allen Hamilton (NYSE:... More