Summary Box: HP’s search for new CEO overshadows 2011 earnings forecast by current management
By APTuesday, September 28, 2010
Summary Box: HP looks ahead as CEO hunt continues
CONFIDENT OUTLOOK: Hewlett-Packard Co. expects its earnings to exceed analyst estimates next year. Excluding costs from past acquisitions, HP projects per-share earnings of $5.05 to $5.15 for the year ending in October 2011. That topped the average estimate of $4.99 per share among analysts surveyed by Thomson Reuters.
NO CEO GUIDANCE: HP didn’t give any clues about a successor to Mark Hurd, who was forced out as the company’s CEO in early August.
OUT OF THE RUNNING: Gleacher & Co. analyst Brian Marshall says Apple’s No. 2 executive, Tim Cook, told him he isn’t interested in running HP.
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