Don't Be Fooled: HP Still Faces the Same Old Problems
HP's (NYSE: HPQ) stock recently popped after the PC and printer maker's third-quarter earnings beat analysts' expectations. Its revenue declined 2% year-over-year to $14.3 billion, but still beat estimates by $1.01 billion. Its adjusted earnings fell 16% to $0.49 per share, but also topped estimates by $0.06.
Those headline numbers seem weak, but there were a few bright spots throughout HP's report. Unfortunately, those scattered embers probably won't ignite a rally anytime soon.
Image source: HP.
Source Fool.com
