Two HPs Diverge on Lackluster PCs, Corporate Tech Optimism
- Dependence on shrinking market hurting PC company post-split
- Hewlett Packard Enterprise strikes a more positive tone
HP Paints Grim PC Picture in Final Earnings Report
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Shares in the two publicly traded companies created from the split of Hewlett-Packard Co. this month diverged after a disappointing earnings report Tuesday, the final one as a combined company.
HP Inc. fell 14 percent to $12.64 at the close in New York after a forecast for the first fiscal quarter as a stand-alone company came in lower than analysts had anticipated, hurt by its dependence on the lackluster market for personal computers and printers after splitting up with its corporate-technology counterpart.