Update Wed: HP stock is not doing much better this morning, down about 10 percent.

Original post
HP shares are getting hammered after-hours after the company released it earnings report and a diminished sales outlook. The stock is down about 12 percent from its close.

The company cut its revenue projection from $132 to $133.5 billion down to $130 billion to $131.5 billion.

HP Shares Hammered 23 February,2011Jon Brooks


Jon Brooks

Jon Brooks is the host and editor of KQED’s health and technology blog, Future of You. He is the former editor of KQED’s daily news blog, News Fix. A veteran blogger, he previously worked for Yahoo! in various news writing and editing roles. He was also the editor of EconomyBeat.org, which documented user-generated content about the financial crisis and recession. Jon is also a playwright whose work has been produced in San Francisco, New York, Italy, and around the U.S. He has written about film for his own blog and studied film at Boston University. He has an MFA in Creative Writing from Brooklyn College.

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