Economic woes across much of the world hurt HP's ongoing recovery, Whitman said. Europe, the Middle East and Africa remained weak, with HP revenue falling 10 percent, while Asia-Pacific and Japan were mixed, she said. HP's sales grew in India but fell in China, where the economy appears to be slowing, Whitman said.
However, she said results would be worse without HP's continued cost-cutting. In the third quarter, another 3,800 employees left the company under an ongoing program to thin the ranks, and HP is on track to cut its workforce by 26,000 as planned by the end of this fiscal year, she said.
"I'm very confident that our turnaround is working," Whitman said.
The stock market didn't share her confidence on Wednesday. HP's shares (NYSE: HPQ) fell $0.46 to $25.38 in regular trading and had plunged another $1.88 in after-hours trading late in the day.