Shares of HP had slightly recovered by mid-day Tuesday from the overnight slide of up to 6 percent they endured following the company’s fourth-quarter earnings report Monday. Its fourth-quarter earnings — HP’s first quarter under the guidance of new CEO Meg Whitman — beat expectations, though its outlook for the coming year left investors unimpressed. The company reported $239 million in revenue, or 12 cents per share, a significant cut below the $2.5 billion it brought in a year ago.
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HP's Whitman Rolls Up Sleeves, Preps for a Rough 2012
Posted by: Rachelle Dragani November 22, 2011 11:23 AMShares of HP had slightly recovered by mid-day Tuesday from the overnight slide of up to 6 percent they endured following the company’s fourth-quarter earnings report Monday. Its fourth-quarter earnings — HP’s first quarter under the guidance of new CEO Meg Whitman — beat expectations, though its outlook for the coming year left investors unimpressed. The company reported $239 million in revenue, or 12 cents per share, a significant cut below the $2.5 billion it brought in a year ago.