Tech Stocks Rallying with Hewlett-Packard (HPQ, ADI, DELL, IBM)

Hewlett-Packard Company (NYSE:HPQ) surges 2.05% to $47.75 on 1.15 million shares. The company quarterly results beat expectations and it raised its full-year earnings outlook on demand for personal computers and servers as well as resurgence in its printing business. The company reported a net profit of $2.2 billion, or 91 cents a share, in the fiscal second quarter ended April 30, up from $1.7 billion, or 71 cents a share, a year ago.

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Analog Devices, Inc. (NYSE:ADI) advances 4.96% to $28.97. The company reported second quarter EPS of $0.55 after the bell Tuesday, up from $0.21 in the prior year period. The consensus estimate was for EPS of $0.50. The company expects to report third quarter EPS between $0.59 and $0.61, compared to the consensus estimate of $0.52.

Dell Inc. (NASDAQ:DELL) soars 1% to $15.15.

International Business Machines Corp. (NYSE:IBM) is up 0.11% to $130.09.

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