HP Appoints Interim Chief Executive, Reaffirms Earnings Guidance; Shares Down Pre-Bell

MT Newswires Live

02/03

HP (HPQ) said Tuesday it has named board member Bruce Broussard as interim chief executive, effective immediately.

President and CEO Enrique Lores has stepped down to explore another professional opportunity.

HP said it continues to expect fiscal Q1 adjusted earnings of $0.73 to $0.81 per share and full-year adjusted EPS of $2.90 to $3.20. Analysts are looking for $0.77 and $3.06, respectively.

The company's shares were down 2.2% in recent premarket activity.

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