HP shares rose 9 percent to $27.33 in early trading, after at least one brokerage raised its rating on the PC maker's shares and another nine raised their price targets. Expectations were low for HP's fourth quarter following a disappointing third quarter and after rivals IBM and Cisco Systems Inc reported poor results. But HP surprised on Tuesday by reporting stronger-than-expected revenue due to growth in its enterprise group, which supplies servers, storage and networking products to business. Overall revenue for the fourth quarter was $29.1 billion, beating the average analyst forecast of $27.9 billion, according to Thomson Reuters I/B/E/S.
via Business News - Yahoo Finance http://finance.yahoo.com/news/hp-enterprise-sales-pickup-stirs-002838385.html
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