Shares of HP (HPQ) Moving Lower on Q1 Results

February 18, 2009 4:52 PM EST
Shares of Hewlett-Packard (NYSE: HPQ) were volatile in last night's after-hours trading session following its Q1 earnings report. The stock closed at $34.08 earlier, down 0.76% during intraday trading, but traded down about 3.7% from the close just after the earnings.

Traders may be selling the stock as the tech-giant reported Q1 sales that were well below the Street's expectations, and also guided its Q2 earnings below the analyst consensus.

UPDATE: Shares of HP have opened today's trading session about 7% lower. The stock is currently trading around $31.78.

Click here to view a summary of some highlights from Hewlett-Packard's Q1 conference call.

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