HP shares tumble on profit news
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Hewlett-Packard shares fall after disappointing third-quarter profits, while the firm warns the final quarter will also fall short of expectations.
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Fourth-quarter profit plunged on costs from acquisitions and job cuts in Europe, sending shares down.
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Hewlett-Packard Co. on Tuesday said quarterly profit topped its own lowered expectations as the computer and printer maker saw record revenues in every business
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AUGUST 17, 2004  - This can&#39;t be an easy time for Ann Livermore. When Hewlett-Packard Co. missed Wall Street&#39;s earnings expectations late last week, the blame was placed squarely on the shoulders of the Enterprise Servers and Storage Group, ...
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By Connie Guglielmo  Hewlett-Packard, the world's biggest maker of personal computers, said it would withdraw its shares from the Nasdaq Stock Market to reduce its listing fees.
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US stocks dropped as comments from technology companies such as Cisco Systems, Hewlett-Packard and Intel failed to revive a rally that stalled after the Standard &amp; Poor&#39;s 500-stock index set a three-year high last week.
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Shares of Boston technology services firm Keane Inc. tumbled by nearly 20 percent yesterday as investors reacted to a double dose of unsettling news: the firing of a top executive and a warning of lower-than-expected revenues and profits.
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Bloomsbury saw its share price slump by as much as 32 percent in London stock market trading after the publisher of the &quot;Harry Potter&quot; novels delivered a stark profits-warning.
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Stocks declined on Monday, hit by profit-taking in large technology companies, including Microsoft Corp. , in the last trading session of the year.
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U.S. stocks fell on Thursday as investors locked in profits ahead of jobs data on Friday that could show further weakening in the economy and hurt corporate earnings.
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Stocks fell sharply on Thursday as data signalling strength in the economy raised concerns about the outlook for interest rates and investors opted to lock in profits ahead of a long U.S. holiday weekend.
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CHICAGO -- This cannot be an easy time for Ann Livermore. When Hewlett-Packard Co. (HP) missed Wall Street's earnings expectations late last week, the blame was placed squarely on the shoulders of the Enterprise Servers and Storage Group, one of the divisions she manages. "Unacceptable" problems within the group cost HP $400 million in revenue and $275 million in operating profit, said HP Chairman and Chief Executive Officer Carly Fiorina just hours before HP announced the sacking of three senior executives within the division.
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Google Inc  on Thursday reported a disappointing quarterly profit and aggressive spending plans to support a widening range of Web services, unnerving investors who sent its shares down 8 percent.
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U.S. stocks fell on Thursday as investors locked in profits ahead of Friday's jobs data that could show further weakening in the economy and possibly send equity markets lower.
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US stocks fell sharply as record oil prices and disappointing sales forecasts from Microsoft Corp. spurred losses in technology shares.
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VMware Inc.'s high-flying stock plunged by more than 30 percent Tuesday as investors reacted to a disappointing fourth-quarter earnings report that raised worries about the business software maker's ability to cope with tougher competition and a slowing U.S. economy.
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MOUNTAIN VIEW, Calif. -- Google Inc.'s fourth-quarter profit fell below analyst expectations, signaling the crumbling U.S. economy has dented the Internet search leader's moneymaking machine.