Shares of Hewlett Packard Fall in Premarket Trading

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On Thursday, shares of Hewlett-Packard (NYSE:HPQ) fell to 2% in premarket trading after the company released their earnings report after the bell on Wednesday.The company announced better-than-expected fiscal first quarter profits of $0.92 up from $0.87 expected on revenues of $30 billion, shy the anticipated $30.7 billion. First quarter guidance of $0.90-$0.91 fell shy estimates of $0.95.Hewlett-Packard (NYSE:HPQ) has potential upside of 6.7% based on a current price of $28.94 and an average consensus analyst price target of $30.88.

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