Hewlett-Packard (NYSE:HPQ) reported Q1 EPS of $0.92, better than analyst estimates of $0.87 per share. Revenues for the quarter were $30.00 billion, missing consensus estimates of $30.71 billion.
"In the first quarter, we delivered on our Q1 outlook and remained focused on the fundamentals to drive long-term sustainable returns," said Meg Whitman, HP president and chief executive officer. "We are taking the necessary steps to improve execution, increase effectiveness and capitalize on emerging opportunities to reassert HP's technology leadership."
Hewlett-Packard (NYSE:HPQ) has potential upside of 6.7% based on a current price of $28.94 and an average consensus analyst price target of $30.88.
Hewlett-Packard is currently above its 50-day moving average (MA) of $27.42 and should find resistance at its 200-day MA of $29.62.
In the last five trading sessions, the 50-day MA has climbed 0.17% while the 200-day MA has slid 0.38%.
Hewlett-Packard Company provides imaging and printing systems, computing systems, and information technology services for business and home. The Company's products include laser and inkjet printers, scanners, copiers and faxes, personal computers, workstations, storage solutions, and other computing and printing systems. Hewlett-Packard sells its products worldwide.
