Hp Revenue And Profit Slide, Stock Falls On Weak Forecast

[...] after several years of weak performance, the company is spending billions of dollars on restructuring as it prepares to split into two separate corporations - one focused on PCs and printers, and the other selling commercial tech products. Consumers are buying fewer PCs and printers, while business customers are shifting to a "cloud computing" model that lowers the cost of software and reduces the need for massive, in-house computer centers to run their operations. The stock fell another 1 percent in late trading after the company issued its financial report and forecast adjusted earnings for the current quarter to range from 92 cents to 98 cents a share.

Topics:  consumers   pcs   stock   weak   forecast   printers   cents   company   
BING NEWS:
  • HUL net profit falls amid tepid demand
    India's largest consumer goods maker, reported a 6% drop in net profit in the wake of flagging demand despite price cuts and is looking to volume-led growth if commodity rates remain stable. That will ...
    04/24/2024 - 2:12 pm | View Link
  • Polaris 1Q Profit Plunges as Higher Promotional Spending Takes Toll
    By Denny Jacob Polaris saw profit plunge in it latest quarter as sales declined from a year earlier, reflecting the toll of higher promotional spending.
    04/22/2024 - 11:42 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News