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November 20, 2012 07:31 pm GMT
At market opening today, HP took a big hit, with shares (NYSE:HPQ) trading at $11.65, 12.41 percent below yesterday's level. The company announced disappointing earnings before market opening. As analysts expected a $2.2 billion of net profit, the $8.8 billion loss came as a very bad last minute surprise. HP blames accounting frauds preceding HP's acquisition of Autonomy.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4enoJpZKZoQ/
HP Stock Price Drops 12.4 Percent After Unexpected $8.8 Billion Loss
At market opening today, HP took a big hit, with shares (NYSE:HPQ) trading at $11.65, 12.41 percent below yesterday's level. The company announced disappointing earnings before market opening. As analysts expected a $2.2 billion of net profit, the $8.8 billion loss came as a very bad last minute surprise. HP blames accounting frauds preceding HP's acquisition of Autonomy.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4enoJpZKZoQ/
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