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HP profit slides 13 percent as split nears

James Niccolai | Aug. 21, 2015
The company reported its 16th straight quarter of declining revenue.

Still, Whitman was upbeat in HP’s earnings statement.

“HP delivered results in the third quarter that reflect very strong performance in our Enterprise Group and substantial progress in turning around Enterprise Services,” she said.

“I am very pleased that we have continued to deliver the results we said we would, while remaining on track to execute one of the largest and most complex separations ever undertaken.”

HP also issued its forecast for next quarter. It expects earnings excluding one-time charges to be between $0.92 and $0.98 per share. That’s lower than the $1.00 per share analysts had been expecting, according to Thomson Reuters.

 

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