H

HP suffers a 5.5% stock drop following a poor earnings report

Venturebeat

February 24, 2015

CEO Meg Whitman was very enthusiastic when she released Hewlett-Packard’s fourth quarter results despite the fact that the company wasn’t able to achieve the revenue that analysts had expected. This paired with the fact that HP’s revenues overall are down 5% year-over-year have resulted in 5.5% drop in the company’s stock. 

Hewlett-Packard released its fourth quarter results today, revealing earnings per share of $0.92 on revenue of $26.8 billion. Analysts had expected earnings per share of $0.91 on revenue of $27.34 billion. “We grew operating profit margins across all of our major business segments, increased investment in innovation, and executed well across key areas of our portfolio and in our separation activities,” said CEO Meg Whitman in the earnings report. Despite Whitman’s enthusiasm, Hewlett-Packard stock has dropped 5.5 percent in after hours trading. Overall the company’s revenues are down 5 percent year-over-year, which is potentially leading to the dive in HP’s stock price.

NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *

Two Takes RSS
Interested in TECHi Feed RSS?

Get the latest insights, tips, and updates on revolutionizing your workspace to your inbox.