A Comeback For HP (HPQ)?

Finally, some good news for HP shareholders. Shares of Hewlett Packard (HPQ) rose 2% in after hours trading today. The company surprised analysts by forecasting better earnings for 2011 than Wall Street analysts were estimating. Hewlett Packard announced that earnings per share will rise 12 percent to 14 percent to $5.05 to $5.15 a share. That's a nice increase considering analysts had pegged 2011 earnings at below $5 per share. Shares of HP are still lower than they were when CEO Mark Hurd resigned from the company. Today's news was encouraging because it showed investors that the CEO less company is still doing things the right way.