Reported 3 days ago
HP's stock fell by 11% this week following its fiscal second-quarter earnings report which showed a disappointing adjusted net income of $678 million, missing analysts' expectations. Despite a 3% increase in revenue, the company's lowered full-year earnings guidance from $3.45-$3.75 to $3.00-$3.30 raised concerns among investors, exacerbated by ongoing challenges in the PC market and tariff impacts. Analysts suggest that this trend might continue, impacting confidence in HP's stock.
Source: YAHOO