Hewlett-Packard (HPQ) continues to struggle as the global computer product giant inches closer to splitting into two companies by year’s end. The company late Tuesday reported Q1 revenue that missed analyst estimates and gave a lackluster earnings outlook for the current quarter. Disappointed investors sent Hewlett-Packard down 9.5% in early trading in the stock market today, to a four-month low below 35. Hewlett-Packard stock is down more than
Hewlett-Packard continues to be stuck in neutral, with all of its businesses recording revenue that fell or was flat compared with a year ago, though a few units within those businesses saw increases. Hewlett-Packard (HPQ) late Tuesday reported earnings for its fiscal Q1, which ended Jan. 31, that edged analyst estimates. It also reported revenue that fell short. The company is working through a restructuring and preparing to split in two by
Hewlett-Packard (HPQ) likely will do little more than meet expectations when it reports its fiscal Q1 earnings after the market close Tuesday, as the company continues to work through restructuring plan and gets closer to cleaving itself into two separate companies by year’s end. HP is struggling to reaccelerate its revenue growth, which has mostly been in decline since July 2011. The company is scrambling to move into emerging growth areas