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Tuesday, November 24, 2015 6:25:16 PM
Hewlett-Packard's Revenue Declines In Final Quarter Before Split
The disappointing earnings come weeks after the 76-year-old company officially split itself in two.
On November 1, the company formerly known as Hewlett-Packard split into
HP Inc., which focuses on printing and personal computers and
Hewlett-Packard Enterprise, which focuses on business software and the cloud.
Meg Whitman is leading Hewlett-Packard Enterprise.
The move was orchestrated amid the continued decline of PC sales and growing opportunity in areas like the cloud. HP has struggled for years and in the last 15 out of 16 quarters has posted declining revenues. During the fourth quarter, it was more of the same, with revenue from both the personal computer and printer businesses falling 14%.
Since the split, shares of HP Inc. have risen 3% while shares of Hewlett-Packard Enterprise have fallen 4%. Yet, on Tuesday, it was the opposite. Shares of HP Inc. fell more than 5% while shares of Hewlett-Packard Enterprise were up nearly 3%.
http://www.forbes.com/sites/laurengensler/2015/11/24/hp-fourth-quarter-earnings/
The disappointing earnings come weeks after the 76-year-old company officially split itself in two.
On November 1, the company formerly known as Hewlett-Packard split into
HP Inc., which focuses on printing and personal computers and
Hewlett-Packard Enterprise, which focuses on business software and the cloud.
Meg Whitman is leading Hewlett-Packard Enterprise.
The move was orchestrated amid the continued decline of PC sales and growing opportunity in areas like the cloud. HP has struggled for years and in the last 15 out of 16 quarters has posted declining revenues. During the fourth quarter, it was more of the same, with revenue from both the personal computer and printer businesses falling 14%.
Since the split, shares of HP Inc. have risen 3% while shares of Hewlett-Packard Enterprise have fallen 4%. Yet, on Tuesday, it was the opposite. Shares of HP Inc. fell more than 5% while shares of Hewlett-Packard Enterprise were up nearly 3%.
http://www.forbes.com/sites/laurengensler/2015/11/24/hp-fourth-quarter-earnings/
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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