CNBC flubs HP earnings
Michael Learmonth of Silicon Alley Insider writes Wednesday that business news cable network managed to get Hewlett-Packard’s earnings wrong when it first reported the numbers on Tursday.
Learmonth wrote, “The network’s graphics department dinged HP by reporting its GAAP earnings of 80 cents a share — technically correct, but not the number the Street was looking for.
“To her credit, Maria Bartiromo did read the non-GAAP number investors were paying attention to — 86 cents per share. So this isn’t quite on the same level as MSNBC throwing up a photo of Osama Bin Laden during a report on Barack Obama. But confusing nonetheless.
“CNBC got the right number up a few minutes later.”
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