Reported 2 days ago
HP Inc has lowered its annual profit forecast as the company anticipates a slowdown in PC market growth due to U.S. tariffs and inflation pressures, which has resulted in a 14% drop in shares during after-hours trading. CFO Karen Parkhill noted increased costs in the Personal Systems segment and the company now expects adjusted profits for fiscal 2025 to fall between $3.00 and $3.30 per share, down from an earlier prediction. Despite some operational adjustments, the firm is facing challenges in demand for personal computers.
Source: YAHOO