UBS Cuts Price Target on Hewlett-Packard (HPQ) to $36 Following 3Q15 Earnings

China fears hand Wall St. its worst day since 2011

August 21, 2015 7:26 AM EDT

By Chuck Mikolajczak

(Reuters) - Fears of a China-led global economic slowdown drove Wall Street to its steepest one-day drop in nearly four years on Friday and left the Dow industrials more than 10 percent below a May record.

Wall Street's selloff this week suggested investors are growing nervous about paying high prices for stocks at a time of minimal earnings growth, tumbling energy prices and an expected rate hike by the U.S. Federal Reserve that could gradually usher the end of almost a decade of easy money.

Stocks have seen few large moves this... More

Mizuho Securities Cuts Price Target on Hewlett-Packard (HPQ) Following a 3Q15 EPS Beat

August 21, 2015 7:14 AM EDT

Mizuho Securities maintained a Neutral rating on Hewlett-Packard (NYSE: HPQ), and cut the price target to $30.00 (from $38.00), following the company's 3Q15 earnings report. Revenues of $25.3bn compared with consensus of $25.4bn. EPS of $0.88 was better than consensus of $0.85. Management's new FY15 outlook calls... More

After Hours Stocks Movers 08/20: (ARAY) (BRCD) (CRM) HIGHER; (TFM) (ROST) (NDSN) (HPQ) LOWER (more...)

August 20, 2015 5:37 PM EDT

The Fresh Market (NASDAQ: TFM) 11% LOWER; reported Q2 EPS of $0.36, $0.04 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $442.1 million versus the consensus estimate of $458.34 million. Comparable store sales decreased 1.0%. The Fresh Market sees FY2015 EPS of $1.55-$1.65, versus the consensus of $1.85.

Ross Stores (NASDAQ: ROST) 9.5% LOWER; reported Q2 EPS of $0.63, $0.01 better than the analyst estimate of $0.62. Sales for the fiscal 2015 second quarter rose 9% to $2.968 billion, with comparable store sales up 4% over the... More

Market Wrap: Existing Sales Outpace in July; Valeant Moves on Sprout Pharma; Trian Welcomed to Sysco's Board

August 20, 2015 5:21 PM EDT

Market wrap for August 20th

End of the Day: S&P 500 down 43.9 to 2,035.73; Dow Jones down 358.0 to 16,990.69; Nasdaq down 141.6 to 4,877.49

Market Brief: U.S. markets sank Thursday as investors continued taking profits.

Initial unemployment claims showed a surprise gain last week.

Valeant moved to acquire Sprout Pharma, which received approval this week from the U.S. Food and Drug Administration (FDA) on its New Drug Application (NDA) for flibanserin, which will be marketed as Addyi in the U.S. Addyi has... More

HP revenue falls on weak PC sales, lower demand for services

August 20, 2015 4:13 PM EDT

By Abhirup Roy

(Reuters) - Hewlett-Packard Co (NYSE: HPQ) reported a drop in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporates for its services.

Shares of the world's No. 2 PC maker, which also forecast full-year adjusted profit largely below estimates, fell as much as 4 percent in extended trading on Thursday.

Chief Executive Meg Whitman said the factors pressuring the PC market were expected to continue through the fourth quarter and well into the next fiscal year.

The 76-year-old... More

Hewlett-Packard (HPQ) Tops Q3 EPS by 3c

August 20, 2015 4:06 PM EDT

Hewlett-Packard (NYSE: HPQ) reported Q3 EPS of $0.88, $0.03 better than the analyst estimate of $0.85. Revenue for the quarter came in at $25.3 billion versus the consensus estimate of $25.44 billion.

Separation update On July 1, Hewlett Packard Enterprise filed an initial Registration Statement on Form 10 with the Securities and Exchange Commission (SEC), an important step in the separation process. The filing provides detailed information on the business... More

Trading Radar for 8/20: HP (HPQ), salesforce.com (CRM), Sears (SHLD), JinkoSolar (JKS), Intuit (INTU) Report

August 19, 2015 2:40 PM EDT

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 272kContinuing Claims - Street sees 2.265M

Earnings:

58.com (NYSE: WUBA) - consensus loss $0.46
Abeona Therapeutics (Nasdaq: ABEO) - no Street consensus
American Woodmark (Nasdaq: AMWD) - consensus EPS $0.70
BioLineRx (Nasdaq: BLRX) - consensus loss $0.08
Bon-Ton Stores (Nasdaq:... More