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26.05.2014 - Reports of Hewlett-Packard supported the market

One of the world's largest computer manufacturers, Hewlett-Packard has released a quarterly financial report according to which the computer giant earned income for the quarter of $ 0.88 per share. Revenue fell compared with the same period last year by 1.0% - to 27.31 billion against the forecast of 27.43 billion. The earnings per share for the next quarter is projected at U.S. $ 0.86-0.90.

Considering the need to optimize business processes and cost savings, the company within the strategy adopted in 2012, plans dismiss almost 34,000 employees and continue to modernize their enterprises in order to improve the competitiveness of the company on the market.

We recommend holding the stock in the medium term, but note that the upside potential is limited.

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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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