HP is set to announce fourth-quarter earnings after the bell on Monday. Can new CEO Meg Whitman turn around the PC maker?
NEW YORK (TheStreet) -- Hewlett-Packard(:HPQ) will report its fourth-quarter earnings after the bell on Monday, its first earnings release since new CEO Meg Whitman joined the PC maker.
Analysts expect lower earnings and revenue from last year and are forecasting earnings per share of $1.13 and sales of $32 billion. Meg Whitman
Investors will be waiting to see how Whitman hopes to turn around HP, which had faced uncertainty over the future of its PC business as well as its overall strategic direction. They will also be looking for more information about how Whitman plans to grow the company organically or if whether she will look towards large scale M&A.
Some are bullish on Whitman, arguing the company has nowhere to go but up.
Others have questioned her credentials, wondering if her previous experience as the CEO of eBay(:EBAY) prepared her to run a company the size and scope of HP.
Can Meg Whitman turn HP around?
--Written by Olivia Oran in New York.
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