Top Headline
Yesterday, Hewlett-Packard Company HPQ reported stronger-than-expected fourth-quarter results.
Its revenue dropped 3% to $29.1 billion. However, analysts were projecting a profit of $1 per share on revenue of $27.86 billion. For the fiscal first quarter, Hewlett-Packard expected an adjusted profit of $0.82 to $0.86 per share.
Equities Trading UPShares of Hewlett-Packard Company HPQ got a boost, shooting up 7.61 percent to $27.00 after the company reported stronger-than-expected fourth-quarter results. Evercore Partners upgraded the stock from Underweight to Equalweight and raises the price target from $20.00 to $25.00.
Equities Trading DOWN
Shares of Infoblox BLOX were down 22.13 percent to $35.01 after the company issued a weak outlook for the second quarter.
Analog Devices ADI was down, falling 5.53 percent to $47.16 after the company reported downbeat revenue for the fourth quarter.
CommoditiesSilver traded up 0.54 percent Wednesday to $20.00, while copper fell 0.06 percent to $3.22.
EurozoneEconomics
US jobless claims dropped by 10,000 to 316,000 in the week ended November 23. However, economists were estimating claims to increase to 330,000.
The Chicago Fed National Activity Index declined to -0.18 in October, versus a prior reading of 0.14.
The Bloomberg Consumer Comfort Index rose to -33.70 in the week ended November 24, versus a prior reading of -34.60.
The Conference Board's index of leading indicators gained 0.20% in October, versus economists' expectations for a 0.00% rise.
Data on farm prices will be released at 3:00 p.m. ET.
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