LAS VEGAS (CBS/AP) -- Shares of Hewlett-Packard Co. were jumping after CEO Meg Whitman reiterated that revenue could grow next fiscal year.
The computer and printer maker's stock is up 4 percent at $25.25 in late morning trading, extending a rally that has more than doubled the stock since November.
In an interview with cable channel CNBC, Whitman said growth is "still possible" in the fiscal year that starts in November. She cautioned that the overall PC market is a big wild card. Whitman has provided similar comments before. Analysts polled by FactSet on average expect revenue to fall in fiscal 2014.
Whitman spoke from the sidelines of HP's customer conference in Las Vegas.
(Copyright 2013 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
Hewlett-Packard Shares Rise After Positive Revenue Comments From CEO Whitman
/ CBS San Francisco
LAS VEGAS (CBS/AP) -- Shares of Hewlett-Packard Co. were jumping after CEO Meg Whitman reiterated that revenue could grow next fiscal year.
The computer and printer maker's stock is up 4 percent at $25.25 in late morning trading, extending a rally that has more than doubled the stock since November.
In an interview with cable channel CNBC, Whitman said growth is "still possible" in the fiscal year that starts in November. She cautioned that the overall PC market is a big wild card. Whitman has provided similar comments before. Analysts polled by FactSet on average expect revenue to fall in fiscal 2014.
Whitman spoke from the sidelines of HP's customer conference in Las Vegas.
(Copyright 2013 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
Featured Local Savings
CBS News Bay Area
Beth Van Duyne wins reelection in Texas' 24th House District
Colorado voters approve Proposition NN, sending TABOR refunds to schools
Baltimore businesses give voters a sweet incentive to head to the polls
Gov. Shapiro says Democrats' midterm election wins give a blueprint for the future
California High-Speed Rail's CEO resigned. Will new leadership investigate the contracts he left behind?
Inglewood mayoral race appears to be headed to runoff election
How the Carter Center plans to monitor Georgia's Election Day results
Rising costs of food, fuel take center stage in 2026 midterm elections