Hewlett-Packard To Cut More Jobs; Q2 Revenue Misses

By | May 22, 2014

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Hewlett-Packard’s turnaround remains a work in progress. The tech giant late Thursday reported lower revenue that missed analyst views and said that it would ax up to 47% more jobs than planned. The news was accidentally released about 20 minutes before the market close Thursday, sending shares falling. HP (HPQ) stock fell 2.3% in Thursday’s regular session, mostly late, but was up 1% in after-hours trading. The company needs to develop more Scalper1 News

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