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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

A final earnings report from a vanished company: Hewlett-Packard misses expectations

Pete Carey San Jose Mercury News

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

The Palo Alto 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.

The month has seen the old HP become an exhibit for the Computer History Museum rather than the giant but struggling company it was until Oct. 31. It is now officially HP Inc., which makes printers and personal computers, and Hewlett Packard Enterprise, which sells technology to businesses.