Connect with us

Hi, what are you looking for?

Uncategorized

HP shares dip after PC maker reports drop in PC sales

© Reuters.

Investing.com — HP Inc (NYSE:) shares were falling after the PC maker posted its lowest revenue for a quarter since early 2020, noting ongoing weakness in demand for personal computers.

For the fiscal second quarter ended in April, a 21.7% drop in revenue to $12.9 billion. That was below expectations for $13.1B.

Adjusted earnings per share of 80 cents beat expectations for 76 cents a share.

Shares were down 1.7% in after-hours trading.

CEO Enrique Lores said: “We are well-positioned to win in our markets and drive long-term sustainable growth as we make continued progress against our Future Ready plan.”

Its PC business reported sales of $8.2B. That is down 29% from the same times last year and short of expectations. Printing revenue of $4.7B was down 5% from the same time last year.

The company’s outlook for the third quarter ending in July forecasts adjusted earnings of 81 cents to 91 cents a share. For the fiscal year 2023 ending in October, it forecast adjusted earnings of $3.30 to $3.50 a share, up from a prior estimate.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Artikuj Aplikacioni SpinBetter për iOS: Kazino Dragonslots Cilat janë fitimet e kufizimit në lidhje me Historinë larg hostit të slotit të vdekur? Luaj video...

Uncategorized

Blogs Renault – 2 Constructors’ headings, 2 Rider headings: golf betting betway McLaren – 9 Constructors’ titles, twelve Driver headings FIA releases F1 2025...

Uncategorized

(Inspire Las vegas also provides a grip and you will Twist group.) There are also Megaways ports, which happen to be personally offered by...

Uncategorized

Articles Wonder Competitors: All Up coming Characters, Team-Ups and you will Maps Master Shark Faq’s: Ways to Your Greatest Questions relating to Wazdan’s Preferred...