ADVFN - Advanced Financial Network.
HOME» NYSE » H » HPQ Stock Price » HPQ Stock News

Hewlett Packard Share News

 Hewlett-packard Stock Price
HPQ Stock Price
 Hewlett-packard Stock Chart
HPQ Stock Chart
 Hewlett-packard Stock News
HPQ Stock News
 Hewlett-packard Company Information
HPQ Company Information
 Hewlett-packard Stock Trades
HPQ Stock Trades

Hewlett-Packard Shares Fall on Lexmark's Warning

By Benjamin Pimentel Shares of Hewlett-Packard Co. (HPQ) fell more than 2% Friday, standing out in sharp contrast against a broad-based Wall Street rally. The shares traded down to $18.88 near midday, leaving H-P as the only Dow Jones Industrial Average component in the red. The Dow industrials added more than 170 points. H-P's weakness was apparently triggered by a warning from Lexmark International (LXK) which cut its second-quarter outlook late Thursday, said ISI Group analyst Brian Marshall. The printer maker cited business weakness in Europe as one of the factors behind the shortfall. That's bad news for H-P on two counts. It's already known that the Palo Alto, Calif., tech powerhouse's sizable exposure in Europe makes it vulnerable to economic problems dogging the region. Lexmark's warning also suggests problems for H-P in its own printer business. Once considered the Silicon Valley giant's crown jewel, H-P's printer business has struggled with slower growth. One reason is the overall decline in demand -- but there's also the growing sense that users simply aren't printing as much as they used to. H-P also took a hit as a result of a downbeat view from J.P. Morgan, which reaffirmed its underweight view on the blue-chip stock. "The company's revenue and earnings growth profiles stand to be under pressure in the near term, owing to company-specific issues, macroeconomic challenges, and the ill-effects of currency fluctuations," analyst Mark Moskowitz said in a note. On the other hand, RBC Capital's Amit Daryanani kept an outperforming rating on H-P, saying in a note, "While macro remains challenging, the company is focused on right-sizing its operations and moving up the value proposition with enterprise customers." -Write to Benjamin Pimentel at

Stock News for Hewlett Packard (HPQ)
10/20/201608:10:00EU Court Adviser Backs Intel Appeal Over $1.17 Billion Fine
10/18/201622:00:00HP Enterprise Describes Financial Bumps From Spinoffs
10/17/201605:39:00Hong Kong Electronics Fair and electronicAsia Conclude
10/14/201603:03:00HP Plans to Cut Jobs, Cautions on Cash Flow -- WSJ
10/13/201617:25:00HP Issues Cautious Forecast on 2017 Cash Flow -- Update
10/13/201617:20:00HP Issues Cautious Forecast on 2017 Cash Flow
10/13/201616:59:00HP Issues Cautious Forecast on 2017 Cash Flow
10/13/201616:36:15Current Report Filing (8-k)
10/12/201613:50:00China's Internet Child-Safety Policies Could Force Changes at...
10/11/201617:53:00Computer Shipments Fall Again in Third Quarter--Update
10/11/201617:50:00Computer Shipments Fall Again
10/11/201617:38:00Computer Shipments Fall Again in Third Quarter
10/07/201603:02:00Fujitsu Explores Sale of PC Unit To Rival Lenovo -- WSJ
10/05/201606:38:00Hong Kong Electronics Fair and electronicAsia to Open Next Week
10/04/201615:50:00Pinterest Names Twitter Executive Todd Morgenfeld as First CFO
09/28/201618:55:00HP Inc. Apologizes for Move that Blocked Rival Printer Cartridges...
09/28/201616:10:00HP Inc. Apologizes for Move that Blocked Rival Printer Cartridges
09/28/201616:08:00HP Inc. Apologizes for Move that Blocked Rival Printer Cartridges...
09/28/201616:00:00HP Inc. Apologizes for Move that Blocked Rival Printer Cartridges
09/23/201616:29:35Statement of Changes in Beneficial Ownership (4)

Hewlett Packard and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations