The Hewlett-Packard share price tumbled by as much as 13 percent on Wednesday as the IT company revealed an outlook that was below the expectation of analysts.
HP revealed that it expects earnings per share of $3.40-$3.60, which is lower than analysts forecasts of $4.17.
Shares in the company are at a near 10-year low and have fallen by as much as 50 percent during this year alone.
It is embarking upon a five year-recovery plan, with analysts believing that the company has the potential to turn its fortunes around in the mid to long-term.
