HP stock tumbles on weak outlook driven by slow PC recovery
HP (HPQ) shares slide after the company reported fiscal fourth quarter results in line with analyst estimates, sharing revenue of $14.06 billion and adjusted earnings per share (EPS) of $0.93. The company forecasts EPS for the next quarter to come out in a range between $0.70 and $0.76, below Wall Street's estimates. The legacy computer maker's results signal a slow recovery in the PC market. Market Domination Overtime Hosts Julie Hyman and Josh Lipton break down the print. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan.