Tag: $HP

HP Inc. reported mixed earnings Tuesday. The stock fell 8.3% in premarket trading Wednesday

Shares of HP were falling after the PC and printer company reported mixed results for the July quarter Wednesday after market close, beating expectations on revenue driven by PC sales while missing forecasts for earnings per share.

Businesses are starting to upgrade their personal computers, and that helped HP deliver the April quarter earnings it promised.

HP Inc missed Wall Street estimates for first-quarter revenue on Wednesday, marking a seventh straight quarter of decline, driven by sluggish demand in the personal computers (PC) market as customers delay system upgrades.

Nov 21 (Reuters) – HP Inc (HPQ.N) on Tuesday forecast first-quarter profit below Wall Street estimates but maintained annual earnings outlook, a sign that demand in the personal computers market is still recovering, sending its shares down nearly 4% after market.

HPQ 1.34% Inc. said the company sees 2% to 4% long-term annual revenue growth, with earnings per share growth in the high single digit percentage range. The PC and printer company made the forecast Tuesday afternoon at a meeting with securities analysts in Palo Alto, Calif

Berkshire Hathaway  sold 5.5 million shares of HP Inc. in its first sale of stock in the maker of personal computers and printers since Berkshire accumulated a 12% stake in the company in early part of 2022.

HP  Inc. posted mixed financial results, showing the effects of both weak demand for printers and softer-than-expected prices for personal computers.