U.S. Morning Call: HP revenue slightly lower than expected
Tuesday, November 20, 2012 - 03:33
Nov 20 - Hewlett-Packard Co's quarterly revenue fell short of Wall Street expectations as the company's share of the personal computer market shrank and sales of its printers declined.
▲ Hide Transcript
▶ View Transcript
Boston preparing for earnings would best buy an HB reporting before the bell let's kick up your morning call for Tuesday. HB CEO Meg Whitman center stage as the tech giant reports results and just in earnings came in slightly above forecast. Revenue just missed expectations by a hair. A black cloud over the company -- eight billion dollar impairment charge tied to accounting improprieties. Shares at eight. 20%. Since Whitman took over in September of last year. The bears Jolie also in the spotlight today as best -- reports before the bell expect to hear more on the struggling retailer strategy for the upcoming holiday season. Investors will also be sniffing around and updates on founder Richard channels buyout offer. Best buy stock hovering near all time lows close to thirteen bucks that's cheaper than some of the products and sells. You can watch -- results with earnings from soup maker's hormel -- and Campbell also out today from -- Heinz already looking tasty with higher profits reported. US stock futures point to a slightly higher open on Wall Street at 8:30 eastern in the Commerce Department will release its housing starts and permits data for October. Economists expect to see -- back after hefty gains in recent months. Super storms standing in -- also exaggerate the vastness of the decline. Also on investors' radar today Fed Chairman Ben Bernanke's speech at the economic club of New York. Bernanke's words may offer further insight into the -- appetite for more monetary stimulus. Markets currently expect the Central Bank to step up -- the person purchases and 2013 after Operation Twist expires. And European shares edging lower today after committee stripped France of its prized AAA rating cutting it by one notch. Big banks making big news this morning Credit Suisse in the spotlight for some reasons. The Swiss bank couple top executives as a plans to merge its private banking arm with a smaller asset management unit. Critz was also dealing with litigation in the US. A source told Reuters the New York attorney general is preparing to file a civil lawsuit against the bank for misleading investors. Who lost billions of dollars on mortgage backed securities. And keep an -- and JPMorgan today the bank named -- unknown executive Marion lay as its chief financial officer on Monday. Lake replaces Doug Brownstein who now serve as vice chairman at JPMorgan. -- stocks to watch today starting with apple. Shares of the world's most valuable company by market cap closed up more than 7%. And right now or slightly up in the premarket. The stock has taken a tumble since the election along with the rest of the market with many brokerages citing profit taking and some calling the selloff crazy. Investors looking for this corrections continued today something to watch. And finally an unlikely Gainer in yeah off shares reached their highest level in a year and a half. 18 dollars and six cents new found confidence in the company since Marissa -- stepped in in July. Has gotten big name investors like David Einhorn to dive in with large stakes. -- thinking -- -- wore Green Mountain Coffee Roasters appointed Brian Kelly as CEO this morning. Replacing Lawrence Lampard who would let the company since 2000 sent it. That's it for your morning call for Tuesday for more news follow us on Twitter at Reuters Insider. And check out our -- you two cannot act Reuters dot com slash Reuters TV. I'm Lisa Bernhard this is writers.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code