Hewlett-Packard (HPQ) reports later today. HP is expected to post earnings of a $1.00 a share. That would be down from $1.16 a year ago. Analysts are predicting the computer and printer maker to report revenue of $27.91-billion, down about 7% from a year ago. Even in a slumping PC market, HP's stock is up over 68% this year.
TiVo (TIVO) will also report after the bell. The company is expected to post earnings of 6-cents per share, which would be a huge drop from the 44-cents it posted a year ago. On a positive note, revenue is expected to be up 1/3, to over $81-million. The DVR technology company saw a big bump in profits when it won settlements against Google and Cisco back in June. Investors will be very interested to see how TiVo can make money outside of the courtroom. TiVo's stock has been on a bit of a roller-coaster for the year, but is up close to 4% year-to-date.
Palo Alto Networks (PANW) is up 8.5% following its report yesterday. The company posted earnings of 8-cents a share beating estimates of 7-cents. Revenue also grew 49% from last year to $128-million. So, what exactly is behind the beat? The network security provider has seen a steady growth in its subscription service recently. Still, shares for the year are still down just over 10%.
Workday (WDAY), which we highlighted yesterday ahead of its earnings, has been up 10% in the premarket. The company posted a loss of 12-cents a share which beat estimates for a loss of 17-cents. It also posted revenues of $127.9-million up from an estimate of $117.8-million. The cloud application company has had a pretty good year so far seeing its stock up 38% year-to-date.
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