H-P’s fourth-quarter sales miss estimates ahead of split
Sales in the period ended 31 October fell 2.5% to $28.4 billion compared with a projection of $28.8 billion
San Francisco/Seattle: Hewlett-Packard Co. (H-P), the computer maker that plans to split into two companies, reported fiscal fourth-quarter sales that fell short of analysts’ estimates, hurt by an accelerating shift to cloud computing and a tepid personal-computer (PC) market.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more