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HP says it'll miss profit forecasts on strong US dollar

Company also says the cost of splitting into two this year will be US$2b over two years

Published Wed, Feb 25, 2015 · 09:50 PM
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San Francisco

HEWLETT-PACKARD Co forecast quarterly and full-year profit that will miss analysts' estimates, saying a rising US dollar will hurt results as the computer maker prepares to split into two companies.

Profit before certain items in the fiscal second quarter, which ends in April, will be 84 cents to 88 cents a share, the company said on Tuesday.

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