Hewlett-Packard (NYSE:HPQ) has reported an $8.9 billion second quarter loss.
Hewlett-Packard Hit With Huge Q2 Loss
The largest PC maker Hewlett-Packard (NYSE:HPQ) posted its second quarter results on Wednesday.
The company suffered the largest ever quarterly loss of $8.9 billion resulting from a sales slump and reorganizational charges. The company is now relying on chief executive officer Meg Whitman to save it from losses.
Whitman said, “Hewlett-Packard (NYSE:HPQ) is still in the early stages of a multi-year turnaround, and we’re making decent progress despite the headwinds. During the quarter we took important steps to focus on strategic priorities, manage costs, drive needed organizational change, and improve the balance sheet. We continue to deliver on what we say we will do”.
Hewlett-Packard Co. (NYSE:HPQ) shares are currently standing at 19.20.