H-P (HPQ) threw cold water on suggestions industry sales were stabilizing after it announced...

|About: HP Inc. (HPQ)|By:, SA News Editor

H-P (HPQ) threw cold water on suggestions industry sales were stabilizing after it announced another 6,400 layoffs yesterday. During its FQ2 earnings call, CEO Mark Hurd predicted full-year sales would decline 4-5% vs. a previous 2-5%, and said "CEOs have been giving marching orders to be very particular about new projects." HPQ -4.2% premarket.