Reported about 11 hours ago
HP Inc. has revised its profit outlook for the upcoming quarter down to 75-85 cents per share, below analysts' expectations, blaming rising component costs and tariffs on Chinese imports. Despite plans to cut 1,000 to 2,000 jobs to save $300 million annually, CEO Enrique Lores noted that a diverse supply chain is helping to mitigate some impacts. HP reported a revenue increase in the first fiscal quarter and confirmed its guidance for 2025 free cash flow.
Source: YAHOO