Dallas, Texas 08/28/2013 (Financialstrend) – Shares of Hewlett-Packard Company (NYSE:HPQ) had moved on to present decline in prices in the recent trading session owing to the decline in revenues in the recent earnings report presented by the company. It was observed that the revenues had declined by 1.1 percent over the previous quarter and the company had continued to present such decline in revenues for the past few quarters, primarily due to the decreasing demand in the markets of personal computers. Further, the company had also reported negative profit margins at 2.8%, while the industry average is at 15.5% positive profit margins.
It appears that the financial performance of the business operations of Hewlett-Packard Company (NYSE:HPQ) had grown at levels than the expectations in the market and the company had lagged behind in adapting its products to the changing needs of the customers. It had for long been ascertained that the success and survival in the growing markets for tablets and smart phones would be possible only through adaptation to make out the necessary changes in the product portfolio. While HPQ had recently been working on this, it would take quite longer for such changes to reflect in the financial statements.
Hewlett-Packard Company (NYSE:HPQ) had closed on Tuesday at $21.99 per share and had thereby presented loss of 1.26% for the trading session. The stock was observed to be moving through the day to present intraday fluctuations in the range of $21.92 to $22.38 per share, while it presently has its 52 week low at $11.35 and 52 week high at $27.78 per share. Further, the stock had a trading volume of 16.2 million shares on Tuesday while the average level is at 15.65 million shares per day. There are 1.93 billion shares of the company which are traded in the markets and the institutional owners hold 77%.