Hewlett-Packard reports a $9 billion loss

As expected, Hewlett-Packard reported a $8.9 billion loss in its third quarter, as the company recorded $10.8 billion in write-downs for acquisitions and restructuring costs. Revenues declined 5% to $29.7 billion year-over-year. The computer giant earned $2 billion, or $1.00 per share, for three months ending in July. Click here for the full story.

Jaclyn Densley 23 August, 2012

As expected, Hewlett-Packard reported a $8.9 billion loss in its third quarter, as the company recorded $10.8 billion in write-downs for acquisitions and restructuring costs.

Revenues declined 5% to $29.7 billion year-over-year. The computer giant earned $2 billion, or $1.00 per share, for three months ending in July.

Click here for the full story.