Reported about 1 month ago
HP Inc. announced an earnings miss for its latest quarter, but CEO Enrique Lores expressed confidence in improved future results driven by AI PCs and aggressive cost cuts, particularly in the printing sector. The company is implementing a $1.6 billion cost-reduction strategy, with mixed sales results observed—consumer PC sales dipped 1%, while commercial sales rose 8%. However, challenges remain in the printing division, where sales dropped 3% year-over-year amid competitive pressures.
Source: YAHOO