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Risk-to-Price Commentary: Corning Inc. And Hewlett-Packard Co. May 11 Product Image

Risk-to-Price Commentary: Corning Inc. And Hewlett-Packard Co. May 11

  • ID: 1789301
  • May 2011
  • Standard & Poors

FEATURED COMPANIES

  • Amphenol Corp.
  • Anixter Inc.
  • Arrow Electronics Inc.
  • Corning Inc.
  • Harris Corp.
  • Hewlett-Packard Co.
  • MORE

Abstract
Citing the aftermath of the disasters in Japan and soft PC sales for its latest round of troubles, Hewlett-Packard Co. (HP) cut its fiscal 2011 (ending Oct. 31, 2011) earnings outlook to at least $5.00 per share from earlier guidance of $5.20 to $5.28. For the fiscal second quarter, HP reported earnings of $1.24 per share, $0.03 better than the Capital IQ mean estimate. The company released its results a day early after an internal memo written by CEO Leo Apotheker was leaked to the media, according to a Reuters report. In the memo, Apotheker warned that the next quarter would be "tough." Shares in HP plunged 7.5% to close at $36.80 on Tuesday. Year to date through Monday, the...

Companies mentioned in this report are:
- Arrow Electronics Inc.
- Harris Corp.
- Xerox Corp.
- Hewlett-Packard Co.
- Amphenol Corp.
- Corning Inc.
- Anixter Inc.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key READ MORE >

- Arrow Electronics Inc.
- Harris Corp.
- Xerox Corp.
- Hewlett-Packard Co.
- Amphenol Corp.
- Corning Inc.
- Anixter Inc.

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