Hewlett-Packard announced some changes to its executive lineup on Wednesday — the same day it posted a quarterly earnings report that fell short of analyst expectations. Revenue for HP’s third fiscal quarter was $27.2 billion, the company reported, down 8 percent from the $29.7 billion it posted a year earlier. HP earned about 86 cents per share on non-GAAP earnings, down 14 percent from the year before. The sluggish PC market continued to hurt HP. PC sales fell about 11 percent, and consumer revenue dropped 22 percent.
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HP Rearranges Chairs in Hopes of Propelling Turnaround
Posted by: Rachelle Dragani August 23, 2013 09:52 AMHewlett-Packard announced some changes to its executive lineup on Wednesday — the same day it posted a quarterly earnings report that fell short of analyst expectations. Revenue for HP’s third fiscal quarter was $27.2 billion, the company reported, down 8 percent from the $29.7 billion it posted a year earlier. HP earned about 86 cents per share on non-GAAP earnings, down 14 percent from the year before. The sluggish PC market continued to hurt HP. PC sales fell about 11 percent, and consumer revenue dropped 22 percent.