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HP (HPQ) Stock Rises Ahead of Q2 Earnings

NEW YORK (TheStreet) -- HP (HPQ) stock is up 0.13% to $11.68 in afternoon trading Monday ahead of the company's fiscal 2016 second quarter financial report, due out Wednesday after the closing bell.

The Palo Alto, CA-based computer hardware company is expected to post a steep drop in earnings per share and revenue, reflecting the spin-off of Hewlett Packard Enterprise (HPE), which was completed last October.

Wall Street is anticipating earnings of 38 cents per share on revenue of $11.73 billion for the latest quarter, compared with 87 cents per share on revenue of $25.45 billion for the same quarter last...


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