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Tech Hardware Earnings Calls To Watch Thursday: Hewlett-Packard And Marvell Technology

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Tech Hardware Earnings Calls To Watch Thursday: Hewlett-Packard And Marvell Technology

Shares of Hewlett-Packard Company (NYSE: HPQ) and Marvell Technology Group Ltd. (NASDAQ: MRVL) are falling on Wednesday trading ahead of the announcement of the companies’ quarterly financial results scheduled for Thursday afternoon.

Below is a look into the expectations the Street, the crowd and managements have ahead of earnings.

Hewlett-Packard

According to Estimize, Hewlett-Packard’s management guided for third-quarter earnings of $0.85 per share, and both the Street and the crowd are expecting to see the same. The former is modeling sales of $25.64 billion, the latter, revenue of $25.524 billion.

These estimates imply that the company is expected to deliver the worst quarter in terms of earnings in more than two years. In the third quarter of 2014, Hewlett-Packard retrieved earnings of $0.89 per share on revenue of $27.585 billion; in the last quarter, earnings came in at $0.87 per share and revenue came in at $25.453 billion.

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In a recent report, Cantor Fitzgerald analyst Brian White also previewed the results. The expert anticipates revenue and EPS will fall slightly below $25.3 billion and $0.87, respectively.

Marvell Technology

Marvell is also expected to report one of its worst quarters ever. Management guided for earnings of $0.11 per share on revenue of $725 million, pretty much the same as the Street. The crowd, for its part, is projecting earnings of $0.12 per share on revenue of $731.25 million.

These figures compare to earnings of $0.34 per share on revenue of $962 million reported a year ago and to EPS of $0.13 on sales of $724.29 million registered last quarter. It should be noted, however, that Marvell has tended to beat estimates in most of the recent quarters.

Posted-In: Brian White Cantor Fitzgerald EstimizeAnalyst Color Previews Movers Tech Trading Ideas

 

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