OptionsHouse

Options Trading News

May 23, 2013  Thu 7:24 AM CT

HPQ: SEE CHART GET CHAIN FIND STRATEGIES

Hewlett-Packard earned $0.87 a share in the second quarter, while analysts had only expected $0.81. Revenue missed, but management raised its full-year outlook as cost cuts boost profitability. The company is also shifting its focus toward corporate services and away from the shrinking PC market. HPQ surges 12 percent before the bell on my tradeMONSTER platform.

PetSmart earned $0.98 a share, beating the $0.96 average analyst estimate. Revenue missed for the quarter, but sales projections for the full year were raised. PETM climbs almost 3 percent in the premarket.

Pacific Sunwear of California reported first-quarter sales of $169.84 million, better than the $164.2 million consensus number. Outlook for the full year was also higher than expected, with revenue seen at $209 million to 219 million. PSUN climbs 14 percent in early trading.

Share this article with your friends


Related Stories

HPQ

Hewlett draws bulls before earnings

February 24, 2015

The computing giant has been trading sideways since bouncing off its recent lows at the start of this month. Quarterly results come out after the market closes today.

Invest Like a Monster - Las Vegas: March 13-14

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Webinar Recording

Turbo Charge Your Trading Profits

Education & Strategy

Gamma

As we continue to discuss the Greeks, we come to the first of the strike based Greeks called Gamma. Gamma is known as the second derivative, while delta is the first.

View more education articles »