Hewlett-Packard Beats Estimates; Safeway to Distribute Remaining Stake in Blackhawk


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Companies Mentioned

NYSE:HPQ / NASDAQ:AWAY / OTC:BB:IPRU / NASDAQ:HAWK
02/21/2014 [ACCESSWIRE]

Hewlett-Packard Company (NYSE: HPQ) – For an in-depth report on Hewlett-Packard Company follow: www.BullTrends.com/stockquote/HPQ

Shares of HPQ closed up 2.51% on Thursday with about 27 million shares traded. The stock was one of the most active stocks on the NYSE and hit a new 52-week high of $30.28 during intra-day trading. The company reported sales of $28.2 billion, down slightly from $28.4 billion in the same period last year. Analysts surveyed by Thomson Reuters were looking for sales of $27.191 billion.

HomeAway, Inc. (NASDAQ: AWAY) – For an in-depth report on HomeAway, Inc. follow: www.BullTrends.com/stockquote/AWAY

HomeAway Inc. closed up 12.57% on Thursday with about 6.2 million shares traded. The stock was one of the biggest gainers in the NASDAQ and hit a new 52-week high of $48.90 during intra-day trading. The pop came after the company gave a promising outlook in its fourth-quarter report. Even though the company missed estimates on the bottom line as its per-share profit of $0.08 was short of expectations at $0.14; revenue improved 26.1% to $90.3 million, beating the consensus. CEO Brian Sharples called 2013's accomplishments "thrilling," and said the company had advanced several strategic initiatives in the fourth quarter that should pay off next year and beyond.

Innovative Product Opportunities Inc. (OTCBB: IPRU) – For an in-depth report on Innovative Product Opportunities Inc. follow: www.BullTrends.com/stockquote/IPRU

Innovative Product Opportunities exploded on Thursday to close up 83.33%. The stock traded nearly 200 million shares. The breakout came without any significant news being released about the company. Innovative Product Opportunities, Inc., a product development firm, provides product development services to meet the needs of new and emerging product ideas. It focuses on participating in the creation of products, from hand sketches and design through prototyping, construction.

Blackhawk Network Holdings, Inc. (NASDAQ: HAWK) – For an in-depth report on Blackhawk Network Holdings, Inc. follow: www.BullTrends.com/stockquote/HAWK

Shares of Blackhawk Network Holdings dropped 20.19% on Thursday with about 3.2 million shares traded. The big drop came after the company reported fourth-quarter results and guidance that fell short of analysts' expectations. It was also revealed that Safeway would distribute the remaining stake in Blackhawk that it owns.  Blackhawk reported earnings per share of 81 cents and revenue of $521.18 million, short of the consensus estimate of 84 cents and $539.15 million, respectively. Blackhawk also issued EPS guidance for the fiscal year 2014 of $1.19 to $1.24, which also did not reach the consensus estimate of $1.40.

 

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