Revenue Misses; Guidance Is Lowered
Hewlett Packard's earnings were slightly better than expected, but revenue of $29.67 billion missed the $30.10 consensus estimate. Management also lowered full-year guidance. The release was almost identical to rival Dell's one day before. HPQ drops more than 4 percent before the bell on my tradeMONSTER platform.
Hain Celestial Climbs on Strong Results
Hain Celestial group earned $0.47 a share in its fourth quarter, beating the $0.45 profit expected by analysts. Revenue missed, but management sees fiscal 2013 profit of $2.10 to $2.20, better than the current estimate of $2.09. The company separately announced plans to buy some packaged grocery brands from Premier Foods to grow in the U.K. HAIN pops 12 percent on the news.
Guess Misses Consensus as Margins Crumble
Guess earned $0.49 a share, one penny less than analysts had forecast. Revenue beat expectations, but investors are focusing on that profit deterioration. Guidance for the third quarter was also worse than feared. GES plunges 17 percent in the premarket.