NEW YORK (TheStreet) -- HP Inc. (HPQ) - Get Report stock is slumping by 5.46% to $13.85 in after-hours trading on Tuesday, following the release of the company's 2015 fourth quarter earnings results after the market close today.
The most recent quarter's earnings include results for both Hewlett Packard Enterprise (HPE) and HP Inc. The information technology company split into two separate entities on November 1.
The combined company posted adjusted earnings of 93 cents per share for the quarter ended October 31, down from the $1.06 per share the company earned for the year-ago period.
Revenue declined year-over-year to $25.7 billion for the most recent quarter, down from $28.4 billion for the 2014 fourth quarter.
Analysts had forecast for earnings of 95 cents per share on revenue of $26.34 billion for the quarter.
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:
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
Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.