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.
More Headlines
Shares of HP plunged 6.67% on more than twice its average daily volume to $17.92.
Salesforce.com(CRM) reports second-quarter earnings after the close of trading, with much expected from the high-flying software maker.
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.
Apple(AAPL) updated Mac OS X Mountain Lion, with several fixes to improve the software's stability.
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.