Short Take: Compaq earnings estimates up

Lehman Brothers raised its fourth-quarter earnings estimates for Compaq Computer from $1.44 to $1.60 per share because of expected strength in Compaq's gross margins, according to a Reuters report. Lehman expects Compaq, which will release fourth-quarter results on Wednesday, to forecast strong 1997 growth and margin outlook at that time.

Paul Festa Staff Writer, CNET News.com

Paul Festa

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Paul Festa

Jan. 20, 1997 10:45 a.m. PT

raised its fourth-quarter earnings estimates for Compaq Computer from $1.44 to $1.60 per share because of expected strength in Compaq's gross margins, according to a Reuters report. Lehman expects Compaq, which will release fourth-quarter results on Wednesday, to forecast strong 1997 growth and margin outlook at that time.