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HP's Results Continue to Show There's Not Much to Like: What Wall Street's Saying

NEW YORK (TheStreet) -- HP (HPQ - Get Report) continued to show CEO Meg Whitman's turnaround plan needs more time after nearly every business line saw declining growth year over year, setting up questions of whether the pending split will really unlock value.

The company's Personal Systems group, which sells PCs, saw revenue fall 13% in the fiscal third quarter from last year, with the group generating 3% operating margins, as notebook sales fell 3% and desktop units fell 20%. The company's legacy printing business saw revenue fall 9% year over year, but generate 17.8% operating margins. Software revenue fell 6% year over...


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