Hewlett-Packard Fiscal 2013 Profit Forecast Misses Estimates

Hewlett-Packard Co. (HPQ) forecast fiscal 2013 profit that missed analysts’ estimates as Chief Executive Officer Meg Whitman said a turnaround effort at the computer maker won’t happen any time soon.

Earnings excluding some items for the year, which begins next month, will be $3.40 to $3.60 a share, the Palo Alto, California-based company said today. Analysts on average had estimated profit of $4.16 a share, according to data compiled by Bloomberg.

To contact the reporter on this story: Aaron Ricadela in San Francisco at aricadela@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net