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[A1.] Hewlett-Packard to Beat Estimates Hewlett-Packard said its first-quarter earnings would be "substantially above" Wall Street's estimates.
Goodrich Expects To Beat Estimates.
Both companies managed to beat estimates.
The company appeared to beat estimates with revenues of $14.9 billion and earnings per share of $0.74.
The handful of companies that managed to beat estimates did so by aggressively cutting costs and hiking rates.
In the retail sector, Tiffany & Co. booked a 30% drop in second-quarter profit, but still managed to beat estimates.
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The American subsidiary of Valrhona, by all accounts the player to beat, estimated that the market for such chocolate in the New York metropolitan area alone is $20 million to $25 million.
As for HP, the analyst predicts the stock won't do "a whole lot" this quarter since investors have come to expect HP to meet or beat estimates.
Barr executives also said they expected fourth-quarter earnings to beat analysts' estimates, despite weaker sales.
"They always seem able to beat the estimates by a penny or two".
Joan Solotar, an analyst with Donaldson , Lufkin & Jenrette said it was unusual for Citigroup to beat earnings estimates by so much.
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