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Shares of Hewlett-Packard tumbled on disappointing earnings, but CEO Meg Whitman tells CNBC the company is in good shape compared to the recent past.
Meg Whitman, Hewlett-Packard chairman and CEO, weighs in on the performance of its spinoff into two companies, where she sees opportunities to cut costs and facing currency headwinds.
Meg Whitman, Hewlett-Packard chairman and CEO, breaks down her company's quarterly numbers and where they are seeing a big turnaround. We are quite confident in our storage business, says Whitman.
*New home sales data expected at 10 a.m.. NEW YORK, Feb 25- U.S. stocks index futures pointed towards a flat open on Wednesday, after the Dow and S&P 500 climbed to their latest records, before a second day of testimony from Federal Reserve Chair Janet Yellen and data on the housing market. "There is a pregnant pause in the market this morning," said Peter Kenny, chief market...
Some of the names on the move ahead of the open.
*New home sales data expected at 10 a.m.. NEW YORK, Feb 25- U.S. stock indexes were little changed on Wednesday, after the Dow and S&P 500 climbed to their latest records, before a second day of testimony from Federal Reserve Chair Janet Yellen and data on the housing market. *Other retailers expected to post earnings on Wednesday include L Brands, Target Corp and TJX...
CNBC's Jon Fortt checks out Hewlett-Packard as the stock falls after missing revenue expectations.
Energy stocks rebounded as oil prices broke a five-day slide and climbed back above $50 a barrel. Wall Street also kept an eye on Federal Reserve Chief Janet Yellen's second appearance before Congress in two days. "The market is just trying to figure out whether the next move is up or down," said David Lebovitz, global market strategist at J.P.
The "Fast Money" traders give their final trades of the day.
Apple Inc s fell$. 83 or. 6 percent, to $132.17. Hewlett Packard Co. rose$. 30 or. 8 percent, to $38.49. International Business Machines Corp. rose $1.92 or 1.2 percent, to $164.83.
Feb 24- Hewlett-Packard Co reported flat or lower quarterly revenue in all its operating units on Tuesday, and forecast full-year earnings well below analysts' expectations due to the strong U.S. dollar. "Revenue was a little short on the top end, the guidance for the second quarter was a little below where the consensus was," said Daniel Morgan, a portfolio manager...
Check out which companies are making headlines after the bell Tuesday: HP, Lending Club, DreamWorks & more.
Hewlett-Packard reported light guidance, citing an impact from the strong dollar. CNBC's David Faber is listening to the earnings call.
Feb 24- Hewlett-Packard Co forecast full-year earnings well below analysts' expectations, citing the impact of a strong dollar. HP said it expected adjusted profit of $3.53- $3.73 per share for the full year ending October, missing analysts' average estimate of $3.95. The company's net income fell to $1.37 billion, or 73 cents per share, from $1.43 billion, or 74...
Hewlett Packard delivered quarterly earnings that surpassed analysts' expectations on Tuesday, but revenue came in light of expectations.
Feb 24- Hewlett-Packard Co reported a 4.7 percent drop in quarterly revenue, hurt mainly by weak demand from corporate customers for its services. The company's net income fell to $1.37 billion, or 73 cents per share, in the first quarter ended Jan. 31, from $1.43 billion, or 74 cents per share, a year earlier. Revenue dropped to $26.84 billion from $28.15 billion.
PALO ALTO, Calif.— Shares in Hewlett-Packard Co. slid in late trading Tuesday after the company reported quarterly revenue and an earnings outlook that were below Wall Street estimates. Earnings amounted to 73 cents per share, or 92 cents per share after adjusting for one-time items. Sales fell 5 percent to $26.84 billion in the November-January period, below...
How to trade the stock ahead of its split, with David Garrity, GVA Research.
Hewlett-Packard is reporting EPS of $0.92 adjusted on revenue of $26.8 billion, with CNBC's David Faber. The company's year guidance is being reduced.
U.S. stocks closed at highs as Yellen's congressional testimony indicated that a rate hike would likely come later rather than sooner.