Three weeks after its split from the former Hewlett-Packard, HP Inc. (HPQ) stock is up nearly 15%. Investors will have a chance to see if their optimism is well placed when the PC and printer company reports fiscal fourth-quarter earnings after the market close Tuesday, as will its sister company, Hewlett Packard Enterprise (HPE). Analysts polled by Thomson Reuters expect HP to earn 44 cents a share, excluding items, on sales of $12.84 billion.
It should be among the most unusual earnings conference calls in corporate history — certainly in Hewlett Packard Enterprise’s (HPE) history, which by the time the company reports after the close Tuesday will have gone back, oh, 24 days since it became a company, though it’s also 76 years old and could claim to be the pioneering Silicon Valley tech outfit. Reporting its fiscal Q4, which ended Oct. 31, Meg Whitman will hold court as both the new
After two strong up days following the Hewlett-Packard split-up, PC and printer maker HP Inc. (HPQ) fell Wednesday after getting a cautious report from UBS. HP was down 2% in afternoon trading on the stock market today, near 14. Its sister company, Hewlett Packard Enterprise (HPE), was down 4%, also near 14. Hewlett-Packard split into HP and HPE on Sunday. UBS analyst Steven Milunovich on Wednesday initiated coverage of HP with a neutral rating