Hewlett-Packard Co. , the world’s largest computer maker, forecast profit and sales that missed analysts’ estimates after a slump in consumer spending throttled growth . The shares tumbled 12 percent in late trading.
Hewlett-Packard Co. is preparing to name former EBay Inc. Chief Executive Officer Meg Whitman as its next CEO today, ousting Leo Apotheker after less than 11 months, according to two people with knowledge of the matter.
Amphenol Corp. jumped the most in more than three years, leading gains in the Standard & Poor’s 500 Index, after the maker of electronic and fiber-optic connectors raised its full-year profit and revenue forecasts.
Hewlett-Packard Co., facing investor frustration over sales-forecast cuts and jarring strategy shifts, is considering replacing Chief Executive Officer Leo Apotheker, two people familiar with the matter said.
International Business Machines Corp.’s decadelong shift to higher-margin software sales helped the company overcome a slowdown in technology spending last quarter and boost its full-year earnings forecast.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman forecast 2013 profit that missed estimates and said a turnaround at the computer maker won’t happen any time soon, sending shares to the lowest price in a decade.