HP Stumbles on Weaker PC and Corporate Demand Before Split
Will HP's 'Difficult' Quarters Ever End?
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Hewlett-Packard Co.’s earnings outlook fell short of estimates before a breakup designed to improve growth prospects.
Sales declined across most divisions in the fiscal third quarter -- in personal computers, services, printers and software -- fueled by continued weakness in the global personal-computer market. For the fourth quarter -- the last before the separation in November -- profit before certain items will be 92 cents to 98 cents a share, Hewlett-Packard said Thursday, below analysts’ average projection for $1.