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NEW YORK (TheStreet) -- HP  (HPQ) - Get HP Inc. Report stock is retreating by 15.03% to $12.44 in early-morning trading on Wednesday, after the company's 2015 fourth quarter earnings results missed analysts' expectations. 

After the market close on Tuesday, the Palo Alto-based company reported earnings for both HP and Hewett Packard Enterprise (HPE), an IT company that split off from HP earlier this month.

HP reported earnings of 93 cents per share, compared to earnings of $1.06 per share for the 2014 fourth quarter. Revenue declined by 9% year-over-year to $25.7 billion.

Analysts were expecting the company to report earnings of 95 cents per share on revenue of $26.34 billion.

The earnings report highlights HP's challenges as it focuses on the shrinking personal computers market, a decision supported by HPE CEO and HP chairman Meg Whitman, Bloomberg reports.

"This is the first snapshot of, 'OK, is she on the right path?"' Jeffrey Fidacaro, an analyst at Monness Crespi Hardt & Co, told Bloomberg. "Take HP Enterprise - that's where a lot more of the risk and a lot more of the transformation needs to take place."

Separately, TheStreet Ratings team rates HP INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

TheStreet Recommends

We rate HP INC (HPQ) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: HPQ

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.