Alright, who are you damn HP computer buyers? The computer company delivers a beat-and-raise quarter — it exceeded estimates, and guided upward going forward — and I can’t figure out who you people are who are buying the company’s over-priced, under-configured and aesthetically unappealing gear. While Matt’s right at the Times — overseas buyers are propping up the enterprise market — that doesn’t explain purchasing ill-priced product.
As a related aside, Bespoke provides a good example of why trading earnings releases from historical patterns is fraught with problems. Yesterday it wrote that, post-earnings, HP stock tends to trend down, making trading the stock today after last night’s release a poor bet. Ouch.