Wall Street Watch Thursday: Hewlett-Packard Drops the Box
Filed under: Earnings, Hewlett-Packard, Marriott International, Market News
No one was expecting good news out of Hewlett-Packard’s (HPQ) analyst day on Wednesday, but few imagined that the leading PC maker would dramatically slash its near-term guidance.
HP’s Meg Whitman stunned investors in forecasting profitability to drop in the new fiscal year that begins next month. After earning what will likely be around $4.06 a share for the current fiscal year, HP is now expecting profitability to clock in between $3.40 a share and $3.60 a share.
Sure, there’s plenty of…
Wall Street Watch Thursday: Hewlett-Packard Drops the Box originally appeared on DailyFinance.com on 2012-10-04T08:39:00Z.
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