Aug 8, 2012

HP braces for record $9 billion quarterly loss

HP braces for record $9 billion quarterly loss

. Hewlett-Packard (HPQ) announced on Wednesday that it will report its biggest-ever quarterly loss for the third quarter of fiscal 2012. Amid a number of organizational changes, HP said on Wednesday that it has revised its third-quarter earnings guidance up to $1.00 per share from its previous estimate of between $0.94 and $0.97 per share. The better-than-expected performance will be entirely wiped out by a one-time charge HP will take related to its 2008 acquisition of Electronic Data Systems, however.

Boy Genius Report , HP braces for record $9 billion quarterly loss

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