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HP Reports $9 Billion Loss
Posted by Philipp Esselbach on: 08/23/2012 08:43 AM [ Print | 0 comment(s) ]
Mashable reports that Hewlett-Packard reported a $8.9 billion loss in its third quarter
As expected, Hewlett-Packard reported a $8.9 billion loss in its third quarter, as the company recorded $10.8 billion in write-downs for acquisitions and restructuring costs.
Revenues declined 5% to $29.7 billion year-over-year. The computer giant earned $2 billion, or $1.00 per share, for three months ending in July.
The company slightly lowered the high end of its full-year guidance from $4.07 per share to $4.05 per share.
Revenues declined 5% to $29.7 billion year-over-year. The computer giant earned $2 billion, or $1.00 per share, for three months ending in July.
The company slightly lowered the high end of its full-year guidance from $4.07 per share to $4.05 per share.
HP Reports $9 Billion Loss
