U.S. Markets closed

Stocks to Watch: Hewlett-Packard, Dell (Update 1)

Alexandra Zendrian

NEW YORK -- Hewlett-Packard HPQ , the computer and printer maker, reports earnings after Wednesday's closing bell and an announcement could be made on a restructuring plan that may include the elimination of as many as 30,000 jobs.

Analysts expect HP to report fiscal second-quarter earnings of 91 cents a share on revenue of $29.92 billion.

Computer maker Dell DELL fell short of analysts' expectations on both the top and bottom lines in its fiscal first quarter.
Dell also provided second-quarter revenue guidance below analysts' views. Dell predicts revenue of between $14.69 billion and $15 billion; analysts are looking for sales of $15.42 billion.
Shares of Dell dropped 12.8% to $13.15 in premarket trading Wednesday.

Toll Brothers TOL , the homebuilder, posted second-quarter profit of 10 cents a share, a swing from a year-earlier loss of 12 cents.
The latest quarter included a tax benefit of $1.2 million.
Revenue rose to $373.7 million from $319.7 million.
Analysts expected Toll to report earnings of 3 cents a share on revenue of $381 million.
Toll Brothers shares ticked up a penny, or 0.04%, to $27.04 in premarket trading Wednesday.
5 Hated Stocks That You Should Love

SAP SAP , the German IT services giant, said Tuesday it reached an agreement to buy Ariba ARBA for $4.3 billion.
SAP's offer of $45 a share offer represents a 20% premium to Ariba's closing price on Monday.
The deal is expected to close in the third quarter.
Shares of SAP fell 12 cents, or 0.2%, in premarket trading Wednesday to $58.57. Ariba was off 9 cents to $44.78.
Yahoo! Shareholders Left With a Long Facebook Battle

American Eagle Outfitters AEO is expected by analysts Wednesday to report fiscal first-quarter earnings of 20 cents a share on sales of $719 million.
Gold: The World's Friend for 5,000 Years

Monsanto MON announced Wednesday that it is purchasing Precision Planting, a planting technology developer, for $210 million plus a performance-based payment of as much as $40 million.
-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel
>To submit a news tip, send an email to: tips@thestreet.com.