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 AskNewswires@dowjones.com

Stock News for Hewlett Packard (HPQ)
DateTimeHeadline
08/28/201417:00:13TECH STOCKS: Techs Follow Market Down On Ukraine Fears
08/28/201414:13:56TECH STOCKS: Tech Stocks Retreat Amid Market's Ukraine Fears
08/27/201423:02:16You Can't Eat These Chips, But Some Find Silicon Addictive
08/27/201417:34:16TECH STOCKS: Facebook Leads Tech Stocks Lower
08/26/201418:54:54TECH STOCKS: Amazon, Twitter Gains Lead Techs Higher
08/26/201411:54:43TECH STOCKS: Amazon Among Gainers In Mild Tech Trading
08/21/201417:16:34MARKET SNAPSHOT: U.S. Stocks: S&P 500 Sets Record Close; Dow...
08/21/201416:52:19TECH STOCKS: H-P, EBay Pace Slate Of Tech Gains
08/21/201415:11:36MARKET SNAPSHOT: U.S. Stocks: S&P 500 On Pace For Record Close;...
08/21/201413:10:53MARKET SNAPSHOT: U.S. Stocks Rise, Pushing S&P 500 To Intraday...
08/21/201411:41:13TECH STOCKS: H-P Gives Tech Stocks A Boost In Wake Of Earnings
08/21/201409:52:54MARKET SNAPSHOT: U.S. Stocks Rise, Lifting S&P 500 Above Its...
08/21/201409:41:01U.S. Hot Stocks: Hot Stocks to Watch
08/21/201409:06:13MARKET SNAPSHOT: U.S. Stocks: Futures Up After Claims; S&P Eyes...
08/21/201408:11:20MARKET SNAPSHOT: U.S. Stocks: Futures Up As S&P 500 Nears A Record
08/21/201406:14:41MARKET SNAPSHOT: U.S. Stocks: Futures Up As Fed, China Given...
08/20/201417:24:34TECH STOCKS: Tech Stocks Weaken Ahead Of H-P's Earnings
08/20/201416:21:29TECH STOCKS: Tech Stocks Weaken; H-P Earnings On Tap
08/19/201416:55:52TECH STOCKS: Google, Apple Gain Ground As Tech Stocks Rise
08/18/201416:54:38TECH STOCKS: Apple, Netflix Help Tech Stocks Start Week With...

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad