HP fourth quarter earnings fail to impress investors
Hewlett-Packard’s revenue fell 2.5% to $28.4bn (£18bn) from a year ago, better than a market consensus of a $28.76bn decline. Profit also fell 5.7% to $1.3bn in the three months to October year-on-year. Their quarterly revenue fell in nearly all business segment. However, revenues in the PC division which is their largest segment grew by 4% during the quarter.