Hewlett-Packard continues to stumble toward its split-up this year. The computer products giant reported mixed Q2 earnings after the close Thursday, with EPS beating Wall Street expectations but revenue coming in short. HP’s (HPQ) earnings outlook for the current quarter also was light. Still, HP stock was up more than 1% in after-hours trading, after it released its results for the quarter ended April 30. HP stock rose 2.3% in Thursday’s regular
Hewlett-Packard (HPQ) continues to stumble as it gets closer to its split later this year. The computer products giant reported mixed Q2 earnings after the close Thursday, with EPS beating Wall Street expectations but revenue coming in short. HP’s earnings outlook for the current quarter also was on the light side. Still, HP stock was up 1% in after-hours trading, after it released its results for the quarter ended April 30. HP stock rose 2.3% in
Hewlett-Packard (HPQ), bowing to Chinese government concerns over foreign technology after the disclosure of U.S. spying activities last year, on Thursday said it is selling a 51% stake in its China-based data-networking business for $2.3 billion to Tsinghua Holdings. Tsinghua Holdings, a group owned by China’s Tsinghua University, will purchase the stake in a new business called H3C. HP stock was up 2.5% in early afternoon trading in the stock