Scalper1 News
Investors gave thumbs up to the increased layoffs at Hewlett-Packard (HPQ), with HP stock rising Friday despite a ho-hum fiscal Q2 earnings report late Thursday. HP’s EPS minus items just met analyst expectations, while revenue came in a tad short. HP boosted its planned layoffs from 34,000 jobs to as many as 50,000, or by as much as 47%. Cost-cutting can go only so far, though, Cantor Fitzgerald analyst Brian White said in a research note Friday. Scalper1 News
Scalper1 News