Hewlett-Packard Company (NYSE:HPQ) ended at the record low level in over 7 years after a rival in the printer market anticipated decelerate in corporate purchasing.
Shares of the company plunged 1.9% to settle in New York at $18.98. Shares of Hewlett-Packard fell 26% current year through Friday.
Printer-manufacturer Lexmark International Inc (NYSE:LXK) lower its sales and profit estimate for second- quarter on Friday by mentioning weaker demand from clients in Europe and unfavorable exchange rates. Lexmark reported that the trends would also most likely affect financial results in the second half of the year.
Hewlett-Packard received around a fifth of revenue and over a quarter of operating profit from its printing business in the Q2 that finished in April. In March, HPQ reported that it would combine its personal-computer business with the printer unit to assist lower costs amid lowering sales and profit.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Dell Inc (NASDAQ:DELL) rose +1.57% to settle at $12.32, Apple Inc (NASDAQ:AAPL) moved up +1.01% to end at $604.97 while RadiSys Corporation (NASDAQ:RSYS) jumped +0.18% to finish on Friday at $5.71.
Hewlett-Packard Company (NYSE:HPQ) last session volume of 30.57 million shares was higher than its average volume of 17.02 million shares. The stock after opening at $19.19 hit high price of $19.20 and then closed at $18.98 by scoring -1.91%.
HPQ generated revenue of 124.04 billion in the following twelve months and earned $5.23 billion. The Company showed a positive 4.21% in the net profit margin and as well as in its operating margin which remained 6.11%. Company’s annual sales growth for the past five year was 6.78%.
The HPQ past twelve months price to sales ratio was 0.30 and price to cash ratio remained 4.50. As far as the returns are concern, the HPQ return on equity was recorded as 12.64% and increased 6.62% return on investment while its return on asset stayed at 4.13%.
The stock showed weekly downbeat performance of -3.01% which was maintained for the month at -11.64%. Likewise the positive performance for the quarter was recorded -22.28% and for the year was -44.86% while the YTD performance remained at -25.51%.