HP’s Earnings Match as Sales Fall Short Ahead of Split
This article is for subscribers only.
Hewlett-Packard Co. posted fourth- quarter earnings in line with analysts’ estimates while sales fell short, underscoring the challenges for both sides of the computer maker’s business as it prepares to split in two.
The company’s personal-systems group was the only division that grew in the period that ended Oct. 31. In a statement yesterday after the market closed, the Palo Alto, California-based company also gave a first-quarter profit forecast, with a top end that matched predictions,