HP shares rise after positive talk from CEO
NEW YORK (AP) — Shares of Hewlett-Packard Co. are jumping after CEO Meg Whitman reiterated that revenue could grow next fiscal year.
The computer and printer maker’s stock is up 4 percent at $25.25 in late morning trading, extending a rally that has more than doubled the stock since November.
In an interview with cable channel CNBC, Whitman said growth is “still possible” in the fiscal year that starts in November. She cautioned that the overall PC market is a big wild card. Whitman has provided similar comments before. Analysts polled by FactSet on average expect revenue to fall in fiscal 2014.
Whitman spoke from the sidelines of HP’s customer conference in Las Vegas.