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 This material may not be published, broadcast, rewritten, or redistributed.)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 This material may not be published, broadcast, rewritten, or redistributed.)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
U.S. Steel reopening Gary Tin Mill in northwest Indiana
Angel Reese arrives as Dream embrace rising expectations in Atlanta
Philz Coffee will return Pride flags to cafés in reversal of policy that removed them
Michigan's gas prices fell 15 cents in past 5 days, AAA fuel database shows
PECO withdraws requests for electric and gas rate increases
Sewickley native takes Terrible Towel to Mount Everest as tribute to late friend
Georgians tip less than many states, new report shows
Wild dominate Stars in Game 1 behind Boldy's two goals