HP Stock Tumbles After Earnings Report As Outlook Shows 'Coast Not Clear' For PC Market
Chairman John Idol takes over the CEO spot from Cedric Wilmotte, who is leaving the organization as part of a cost-cutting initiative. HP Inc (HPQ) reports a 2% revenue increase and gains in PC market share, while navigating cost pressures and competitive challenges.
HP’s stock sinks on lower guidance, despite optimism in the PC market
Profitability took a hit as well, as HP reported net earnings of $906 million for the quarter, down from $974 million one year earlier. The company also reported total revenue in fiscal 2024 of $53.6 billion, which was more or less flat compared to the prior year.
HP's print segment shows growth, but long-term challenges remain. The consumer PC market remains sluggish due to a cautious ...
Shares of Dell Technologies Inc. and HP Inc. dropped on Wednesday after both companies reported weak results, ...
HP shares are diving more than 13% in Wednesday action as they head for their weakest one-day performance since a 14.5% slide ...
HP Inc. (NYSE: HPQ) shares are trading lower Wednesday after the company reported its fourth-quarter financial results and ...
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HP Inc. isn’t including expected tariff impacts in its new forecast for the year ahead, but Chief Executive Enrique Lores ...
HSBC analyst Stephen Bersey downgraded HP Inc. (HPQ) to Hold from Buy with a $38 price target Don't Miss our Black Friday Offers:Unlock your ...
Dell indicated the AI market was a “robust opportunity,” despite the company’s COO warning its AI business would “not be ...
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