HP, Salesforce, Apple: Tech Winners & Losers
NEW YORK (TheStreet) -- HP(HPQ) shares fell sharply in Thursday trade, following weaker-than-anticipated revenue and third-quarter guidance.
As PC and printer sales continued to weaken, the Dow component felt the strain, bringing in revenue of $29.7 billion. Analysts surveyed by Thomson Reuters were looking for $30.1 billion in revenue.
HP also lowered its guidance. Excluding items, HP expects fiscal 2012 earnings to be between $4.05 to $4.07 a share, below Wall Street's consensus estimate.
Shares of HP plunged 6.67% on more than twice its average daily volume to $17.92.
Analysts polled by Thomson Reuters expect the San Francisco-based company to report earnings of 39 cents a share on $728.32 million in revenue.
Shares of Salesforce.com fell 0.55% to $147.80 in Thursday trade.
The fixes deal with issues in iMessages, audio issues in Thunderbolt, and tackle Microsoft Exchange server problems.
Shares of Apple fell 0.64% to $664.58 in Thursday trade.
Interested in more on Apple? See TheStreet Ratings' report card for this stock.
Follow TheStreet Tech on your wireless devices.
--Written by Chris Ciaccia in New York
>Contact by Email.