HP Earnings - Mark Hurd Exclusive
Hewlett-Packard posted solid Q3 financial results, beat street estimates on revenue and earnings per share. Cash flow was up 15% over same quarter a year ago.
Mark Hurd, HP's CEO told Maria Bartiromo exclusively, "HP is executing well in a challenging market. We are investing for growth and are poised to be an early beneficiary of a turnaround in the economy.”
Hurd told Maria Bartiromo HP expects solid margin expansion thanks to strong execution across the business. HP sees business stabilizing across all markets and it's well positioned for a turnaround. Also sequential improvements in key business segments.
China remains the bright spot, HP saw double digit growth in China. Here in the U.S. Hurd said things remain stable for second quarter in a row.
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