Hewlett Packard Co
Chief Executive Mark Hurd forecast earnings, excluding items, of $4.20-$4.30 per share on revenue of $117 billion to $118 billion in fiscal 2010.
HP posted revenue of about $113 billion in fiscal 2009, according to Thomson Reuters data. Analysts had been expecting revenue of just above $118 billion, according to Reuters Estimates.
Technology companies are hoping for a corporate hardware refresh cycle to begin next year, as large companies move to replace aging machines with the latest equipment.
(Reporting by Gabriel Madway; Editing by Steve Orlofsky)