HP beats Street, Q3 revenue from 2% to $ 31.2 (b), cuts Outlook FG11

Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school of the Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead efforts for advocacy and community relationships Congressman Carloyn Maloney in New York. She graduated from Columbia University in 2003 where it was ... ? Read More

After confirming its intention to acquire software company autonomy, HP released the stronger than expected third fiscal quarter 2011 financial results, posting of initial 31.2 billion, an increase of 2 per cent from 30.7 billion a year ago.

In the third quarter, preliminary GAAP diluted earnings per share (EPS) was $ 0.93 and non-GAAP diluted EPS was $ 1.10. Analysts in revenue expected EPS of $ 31.19 and 1.09 billion.

HP's fourth fiscal quarter 2011 earnings estimates that approximately $ 32.1 billion to $ 32.5 billion, GAAP diluted EPS in the range from $ 0.44 to $ 0.55 and non-GAAP diluted EPS in the range of $ 1.12 to $ 1.16.

Full year revenue will be approximately $ FG11 127.2 to $ 127.6 billion, down from its previous estimate of $ 129 to $ 130 billion. GAAP diluted EPS FG11, expected to be in the range of $ 3.59 to $ 3.70, down from its previous estimate of at least $ 4.27 FG11, and non-GAAP diluted EPS is expected to range from $ 4.82 to $ 4.86, down from its previous estimate of at least $ 5.00.

HP warns that this can be achieved through restructuring and shutdown costs associated with the webOS devices and costs we will receive more detailed information on the rest of HP'S financials at the market close.

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HTC's big announcement: HTC for the acquisition of a controlling interest in the Beats by Dr. Dre

Greg Kumparak — editor of MobileCrunch.com, the mobile industry blog TechCrunch network. Greg writing for TechCrunch network since May 2008. Greg was born in the vicinity of San Jose, California and currently lives in East Bay. ? Read More

CAT, meet the outer surface of the bag.

You know what "major announcement", HTC is scheduled for tomorrow morning? Details of the just moved earlier.

HTC just confirmed that they will enter into strategic partnership with Beats electronics, best known for his beats by Dr. Dre headphone line. Though leaving some details for tomorrow's call, it is expected that HTC will announce that they have acquired a controlling interest (51%) of the company.

The actual size of the investment varies slightly depending on who you're talking about: CNET says over $ 500 million, while the AllThingsD pins it in $ 300 million.

As you might expect, HTC will use the investment squeeze beats technology (along with "Has" brand, of course) in their phones, with the first beats ified phones hitting shelves sometime this fall. At least this means that the music that some people insist on blasting of crappy their phone speakerphone, while riding on public transport may seem a little less crappy in the future.

To celebrate, here's a picture of a much younger version of myself (and TechCrunch alum Peter HA!) hanging from Dr. Dre totally excited to be there:

We still plan on Liveblogging the event tomorrow only if any interesting details get thrown into the ring.

HTC Corp. (TAIEX: 2498) produces smartphones running Android and Windows Mobile for yourself and as OEM for other manufacturers. Since the beginning of your own brand.

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