captioning sponsored by wpbt susie: good evening, everyone. encouraging and disappointing news from hewlett packard tonight. it announced better-than- expected earnings after the market close, but tom, it expects modest growth in the upcoming quarter. tom: susie, that s one reason shares slipped in after-hours trading. let s run down h.p. s numbers. the company earned 92 cents in its fiscal first quarter, a nickel more than analyst estimates and down considerably from last year. there were two big disappointments, though. revenues fell 7% to $30 billion, lower than expectations. and susie, looking ahead, h.p. said earnings for the current quarter will come in shy of what had been expected. susie: joining us with more about h.p.? micahel holt, senior equity analyst/technology at morningstar. hi, michael. so what was your reaction to both the quarterly numbers and the outlook? well, it s a bit of a relief that they are actually meeting the goals they ve set. we have to
captioning sponsored by wpbt susie: good evening, everyone. encouraging and disappointing news from hewlett packard tonight. it announced better-than- expected earnings after the market close, but tom, it expects modest growth in the upcoming quarter. tom: susie, that s one reason shares slipped in after-hours trading. let s run down h.ps numbers. the company earned 92 cents in its fiscal first quarter, a nickel more than analyst estimates and down considerably from last year. there were two big disappointments, though. revenues fell 7% to $30 billion, lower than expectations. and susie, looking ahead, h.p. said earnings for the current quarter will come in shy of what had been expected. susie: joining us with more about h.p.? micahel holt, senior equity analyst/technology at morningstar. hi, michael. so what was your reaction to both the quarterly numbers and the outlook? well, it s a bit of a relief that they are actually meeting the goals they ve set. we have to ke
encouraging and disappointing news from hewlett packard tonight. it announced better-than- expected earnings after the market close, but tom, it expects modest growth in the upcoming quarter. tom: susie, that s one reason shares slipped in after-hours trading. let s run down h.p. s numbers. the company earned 92 cents in its fiscal first quarter, a nickel more than analyst estimates and down considerably from last year. there were two big disappointments, though. revenues fell 7% to $30 billion, lower than expectations. and susie, looking ahead, h.p. said earnings for the current quarter will come in shy of what had been expected. susie: joining us with more about h.p.? micahel holt, senior equity analyst/technology at morningstar. hi, michael. so what was your reaction to both the quarterly numbers and the outlook? well, it s a bit of a relief that they are actually meeting the goals they ve set. we have to keep in mind that this was a lower bar, lower guidance and it
captioning sponsored by wpbt tom: good evening and thanks for joining us. my co-anchor susie gharib is off tonight. u.s. stocks followed the euro lower today as the currency tumbled to an 11-month low against the dollar. the reason? fresh data show eurozone banks are holding more money on their balance sheets, fueling worries of a liquidity crunch. the dow fell almost 134 points, the nasdaq lost 35 and the s&p 500 was down 15 points, and that was enough to put the s&p back into the red for the year. the losses came on continued light trading volume, just 538 million shares on the nyse and one billion moving on the nasdaq. so where s the much-talked-about santa claus rally? joya dass reports. reporter: since 1969, stocks have gained, on average, 1.6% in the last five trading days of the year and the first two days of january. for a number of reasons: there are tax considerations, americans investing their christmas bonuses, or maybe because all the pessimists are on vacati
captioning sponsored by wpbt tom: good evening and thanks for joining us. my co-anchor susie gharib is off tonight. u.s. stocks followed the euro lower today as the currency tumbled to an 11-month low against the dollar. the reason? fresh data show eurozone banks are holding more money on their balance sheets, fueling worries of a liquidity crunch. the dow fell almost 134 points, the nasdaq lost 35 and the s&p 500 was down 15 points, and that was enough to put the s&p back into the red for the year. the losses came on continued light trading volume, just 538 million shares on the nyse and one billion moving on the nasdaq. so where s the much-talked-about santa claus rally? joya dass reports. reporter: since 1969, stocks have gained, on average, 1.6% in the last five trading days of the year and the first two days of january. for a number of reasons: there are tax considerations, americans investing their christmas bonuses, or maybe because all the pessimists are on vacati