News Summary: HP takes small strides in fiscal 1Q

Published on NewsOK Modified: February 21, 2013 at 6:31 pm •  Published: February 21, 2013

EARNINGS DOWN, STOCK UP: Hewlett-Packard's latest quarterly results fell from last year, but the deterioration wasn't quite as bad as management and analysts had feared. Investors interpreted Thursday's news as a sign that HP's turnaround strategy is starting to pay off. The company's stock rose 5 percent in extended trading.

RECURRING HEADACHE: As has been the case for the past year, Hewlett-Packard Co.'s personal computer division remained the biggest drag on the company's performance. PC sales have been falling as more spending shifts to smartphones and tablet computers.

STAYING THE COURSE: HP CEO Meg Whitman reiterated the company has no plans to spin off or sell its PC operations.


Trending Now


  1. 1
    Barresi opposes bill to cut state testing in social studies
  2. 2
    Oklahoma basketball: Guard Je'lon Hornbeak to transfer
  3. 3
    Man re-arrested in Pakistan for cannibalism
  4. 4
    Report: Joe Buck, Greg Norman to lead Fox Sports' golf coverage in 2015
  5. 5
    Opinion: What if the government guaranteed you an income?
+ show more