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Monday, March 18, 2024
March 18, 2024

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Hewlett-Packard misses analysts’ expectations

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PALO ALTO, Calif. — Hewlett-Packard disappointed Wall Street on Tuesday, turning in a final quarter that fell below expectations.

The computer giant, which split into two companies at the beginning of this month, reported fourth-quarter earnings of 93 cents per share on $25.7 billion in revenue, which was down 9 percent from the 2014 fourth quarter.

That was well below the 97 cents on $26.36 billion that analysts expected.

Fiscal year revenue was $103.4 billion, down 7 percent from the previous year.

This is the old HP’s final turn on the financial stage — from now on, it will be two companies.

It is now officially HP Inc., which makes printers and personal computers, and Hewlett Packard Enterprise, which sells technology to businesses.

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