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HP Shares Hammered

| February 22, 2011
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Update Wed: HP stock is not doing much better this morning, down about 10 percent.

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HP shares are getting hammered after-hours after the company released it earnings report and a diminished sales outlook. The stock is down about 12 percent from its close.

The company cut its revenue projection from $132 to $133.5 billion down to $130 billion to $131.5 billion.

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Category: Business and Finance, Tech

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