25-02-2015 03:29 via uk.news.yahoo.com

Strong dollar hurts HP's earnings forecast, shares plummet

(Reuters) - Hewlett-Packard Co reported flat or lower quarterly revenue in all of its operating units on Tuesday, and forecast full-year earnings well below analysts' expectations due to a strong U.S. dollar. "Revenue was a little short on the top end, the guidance for the second quarter was a little below where the consensus was," said Daniel Morgan, a portfolio manager at Synovus Trust Co. "Let's wait till October, see if this split is really going to create the shareh
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