HP Share Revenues Drop

    UNIVERSAL CITY, CA - NOVEMBER 02:  California Republican gubernatorial candidate and former eBay CEO Meg Whitman concedes the Governor's race to California Attorney General and Democratic candidate Jerry Brown during a campaign party on November 2, 2010 in Universal City, California. California Attorney General and Democratic candidate Jerry Brown gained victory over Former eBay CEO and Republican candidate Meg Whitman for the Governor's seat, while U.S. Sen. Barbara Boxer (D-CA) declared victory despite opponent Republican senatorial candidate and former head of Hewlett-Packard Carly Fiorina refusing to concede their tight senate race.  (Photo by Kevork Djansezian/Getty Images) *** Local Caption *** Meg Whitman

    Kevork Djansezian / Getty Images

    Looks like Meg Whitman has her work cut out for her. Hewlett-Packard Co. just scaled back its year profit forecast, as the company’s numbers continue to fall amid low-ball predictions. HP’s profit will be between $4.05 to $4.07 a share, under the analyst estimated $4.08. Shares have fallen 25 percent this year, due partially to competition from other companies like Apple, which has been booming. CEO Meg Whitman has been forced to cut 27,000 jobs over two years and cut two previous acquisitions in light of the company’s lagging profits.

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