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Why HP Is Down After The Bell

Hewlett turns in a solid report after the bell, but revenue guidance of down 4 to 5 percent for the full year is a tad worse than expected.

Shares of Hewlett-Packard are falling about 3.5 percent after the close.Q2 results were inline with the Street’s forecast.

H-P’s services unit continued to drive results, with help from the integration of EDS. Additionally, slight weakness overseas in Europe/Middle East/Africa and Asia offset stronger performance in the Americas, where revenues rose 12 percent (excluding impact of currencies).

Earnings guidance for the current quarter looks to be inline with expectations too, although the company’s full year forecast of $3.76-$3.88 surpasses estimates of $3.71.

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