TheStreet

Hewlett-Packard Sees Surprise Sales Spike as PCs Make Recovery

TheStreet

Thu, Aug 21, 2014, 5:11 PM

Shares of Hewlett-Packard jumped on Wednesday making it TheStreet's Move of the Day. The hardware company posted a surprise increase in revenue in its third quarter after PCs sales increased 12%. The quarter restored faith in CEO Meg Whitman’s five-year plan to reshape the industry giant to weather fast technological change. Whitman also indicated that acquisitions could be made given the company’s operating net cash position of $4.9 billion. Overall revenue of $27.58 billion was up over 1% year-on-year and beat expectations of a slight decline. Adjusted earnings of 89 cents a share were as expected.

Biden Promised IRS Funding Wouldn't Increase Audits For Regular Americans As IRS Audits Poorest Americans 5X More Often Than Others
Once it was announced that the IRS would receive $80 billion in additional funding as part of the Inflation Reduction Act, the Biden Administration sought to assure regular Americans that these funds would not make them more likely to get audited by the agency. Treasury Secretary Jannet Yellen said that individuals and small businesses making under $400,000 a year would not see audit rates increase. A recent White House press release highlighted how much of the funds are "dedicated to closing th
Benzinga•22h ago
The Most Active Stock Trader in Congress Is Buying Shares of This Magnificent Stock-Split Stock
Wall Street's most-prominent stock-split stock of 2024 has been purchased on three separate occasions by a lawmaker who completed over 4,200 trades last year.
Motley Fool•7h ago
Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract
(Bloomberg) -- Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government and military with AI and cloud services.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to De
Bloomberg•3h ago
My RMDs Start Soon So I Want to Convert $900k to a Roth, but I'm Getting Conflicting Info About Having to Wait 5 Years to Use the Money
People with Roth IRAs generally have to wait five years before withdrawing earnings from their account. But the devil is in the details, and for this particular rule, getting those details can be surprisingly difficult. For starters, the IRS has three different five-year rules that apply to Roth IRAs. One of them, the conversion rule, […] The post My RMDs Start Soon So I Want to Convert $900k to a Roth, but I'm Getting Conflicting Info About Having to Wait 5 Years to Use the Money appeared first
SmartAsset•3h ago
Lithium Americas Plunges After Shares Sold at Steep Discount
(Bloomberg) -- Lithium Americas Corp.’s stock plunged the most on record after agreeing to sell 55 million shares at a deep discount.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsShares of the lithium explorer fell as much as 27% to $4.82 as of 9:31 a.m. in New Y
Bloomberg•2h ago
4 Members of Congress Generated Triple-Digit Returns in the Stock Market Last Year: These Are the 3 Stocks They Bought
These members of Congress delivered greater returns than Warren Buffett in 2023.
Motley Fool•6h ago
Dow Jones Rises After Jobless Claims; Tesla Slides To New Low On Downgrade
Stock Market Today: The Dow Jones rose Thursday after initial unemployment claims. And Tesla stock hit a new low on a downgrade.
Investor's Business Daily•2h ago
1 Ridiculously Cheap Growth Stock Down 88% You'll Regret Not Buying on the Dip
This stock is not without risk, but the potential upside more than offsets the headwinds.
Motley Fool•5h ago
The Fed’s probably going to hold rates steady for longer than expected. But even when that awaited rate cut comes, it may not be all that cathartic
Federal Reserve Chair Jerome Powell earlier this week said that inflation’s proving sticky and that “recent data have clearly not given us greater confidence.”
Fortune•4h ago
4 Oil Pipeline Stocks to Gain From the Prospering Industry
Since midstream operations have lower exposure to volatility in commodity prices, the outlook for the Zacks Oil and Gas - Production & Pipelines industry is bullish. Kinder Morgan (KMI), Williams Companies (WMB), MPLX and Ultrapar (UGP) are the frontrunners in the industry.
Zacks•3h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Hewlett-Packard Sees Surprise Sales Spike as PCs Make Recovery

Recommended Stories

Biden Promised IRS Funding Wouldn't Increase Audits For Regular Americans As IRS Audits Poorest Americans 5X More Often Than Others

The Most Active Stock Trader in Congress Is Buying Shares of This Magnificent Stock-Split Stock

Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract

My RMDs Start Soon So I Want to Convert $900k to a Roth, but I'm Getting Conflicting Info About Having to Wait 5 Years to Use the Money

Lithium Americas Plunges After Shares Sold at Steep Discount

4 Members of Congress Generated Triple-Digit Returns in the Stock Market Last Year: These Are the 3 Stocks They Bought

Dow Jones Rises After Jobless Claims; Tesla Slides To New Low On Downgrade

1 Ridiculously Cheap Growth Stock Down 88% You'll Regret Not Buying on the Dip

The Fed’s probably going to hold rates steady for longer than expected. But even when that awaited rate cut comes, it may not be all that cathartic

4 Oil Pipeline Stocks to Gain From the Prospering Industry