News Breaks |
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| February 21, 2013 |
| 18:05 EDT |  | HPQ | Hewlett-Packard: Restructuring program on track, but turnaround won't be linear
On Hewlett-Packard's (HPQ) Q1 earnings conference call, CEO Meg Whitman noted that although the company's restructuring program remained on track, the overall turnaround would not be linear. Whitman said, "Since announcing our turnaround plan we've done what we said we would do. We've defined a clear strategy for the business and we've made significant progress in bringing our costs in line with revenues. With the first quarter of 2013 behind us, we're starting to see some traction in our performance as a result of the actions we took in 2012 to lay the foundation for HP's future. HP's turnaround will not be linear, and our primary focus is to deliver on our outlook for the full year." Whitman indicated that the restructuring program had a meaningful impact on the bottom line in Q1, and she expects that will accelerate as the company moves through FY13 and into FY14. Restoring sales growth was seen as a priority. Management continued to see headwinds in BCS and the traditional storage business, but said, "we feel good about the rest of the year." They confirmed that there are no plans to break up the company, however they did expect that the Personal Systems revenue will decline year-over-year at a faster rate than it did in the first quarter. 2013 was seen as a fix and rebuild year that would set HP up for a recovery and expansion in 2014. |
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News For HPQ From The Last 14 Days Check below for free stories on HPQ the last two weeks. |
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| May 24, 2013 |
| 11:58 EDT |  | HPQ | Options with decreasing implied volatility: ARNA ANF QIHU HPQ
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| 08:11 EDT | | HPQ | Hewlett-Packard names Jim Murrin treasurer
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| May 23, 2013 |
| 16:23 EDT |  | HPQ | On The Fly: Closing Wrap
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| 16:00 EDT | | HPQ | Options Update; May 23, 2013
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| 12:38 EDT | | HPQ | On The Fly: Midday Wrap
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| 10:11 EDT |  | HPQ | Hewlett-Packard gaps up and rises sharply after results
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| 10:08 EDT |  | HPQ | On The Fly: Analyst Upgrade Summary
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| 09:37 EDT | | HPQ | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ |
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| 09:21 EDT | | HPQ | HP must diversify product options, Meg Whitman says
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| 09:21 EDT | | HPQ | Hewlett-Packard CEO: Still believe keeping HP together is 'right thing to do'
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| 09:11 EDT |  | HPQ | Hewlett-Packard had a solid quarter but remain cautious, says Goldman
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| 09:00 EDT | | HPQ | Hewlett-Packard rises 10.6%
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| 07:54 EDT | | HPQ | Hewlett-Packard strength a selling opportunity, says Topeka
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| 07:17 EDT | | HPQ | Hewlett-Packard guidance looks conservative, says Bernstein
After HP reported lower than expected Q2 revenue but higher than expected EPS, Bernstein thinks the company's EPS guidance looks conservative. The firm expects the company to either improve its business or break itself up. It keeps an Outperform rating on the shares. |
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| 05:52 EDT | | HPQ | Hewlett-Packard upgraded to Hold from Underperform at Jefferies
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| 05:48 EDT |  | HPQ | Proxy advisers see their power diminish, WSJ reports
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| May 22, 2013 |
| 18:52 EDT | | HPQ | On The Fly: After Hours Movers
UP AFTER EARNINGS: Hewlett-Packard (HPQ), up 13.4% after reporting second quarter earnings that beat expectations and guiding third quarter and full-year earnings above estimates... Pacific Sunwear (PSUN), up 14.3%. ALSO HIGHER: Merck (MRK), up 0.2% after an FDA advisory panel voted 13-3 in support of the safety of initial doses of its insomnia drug suvorexant. DOWN AFTER EARNINGS: DryShips (DRYS), down 4.7%. ALSO LOWER: Apricus Biosciences (APRI), down 11.5% after filing to sell an ungiven amount of stock... NCI Building Systems (NCS) after being replaced by Cynosure (CYNO) in the S&P 600 as of May 31. |
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| 17:52 EDT | | HPQ | Hewlett-Packard's Whitman says 'encouraged with where we are' with turnaround
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| 16:12 EDT | | HPQ | Hewlett-Packard reports Q2 cash flow from operations $3.6B
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| 16:09 EDT |  | HPQ | Hewlett-Packard reports Q2 personal systems revenue down 20% YoY
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