Will HP Recover in 2013?
Hewlett-Packard (NYSE:HPQ) Chief Executive Meg Whitman expects the coming fiscal year to be another difficult one for the technology company.
Whitman said Wednesday that in 2013 H-P could experience “broad-based profit decline,” but that hopefully it will be more contained than in fiscal 2012.
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The company projected revenue at its enterprise services to drop about 11 percent to 13 percent, and estimates earnings of $3.40 to $3.60 per share.
Shortly after Whitman’s announcement, shares of Hewlett-Packard H-P took an 8 percent hit, falling to $15.75.