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.
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
In the breakup of Hewlett-Packard, investors on Monday showed more love for the stodgy, slow-growth PC and printer business, rather than for the supposedly more attractive enterprise technology business. Shares of HP Inc. (HPQ), the personal computer and printer maker, were up more than 13% to near 14 in the stock market today. Hewlett Packard Enterprise (HPE) stock opened at 14.99 and was a fraction lower in afternoon trading. HP garnered several