Reported about 6 hours ago
HP Inc. announced a 1.7% increase in net sales for fiscal Q4, but consumer PC revenue dropped by 4%. CEO Enrique Lores expressed expectations that AI PCs will comprise about 50% of all PCs in the next three years, potentially increasing prices by 5-10%. Despite strong growth in the printing business, the company’s stock fell in after-hours trading after a disappointing earnings forecast for the first quarter. Lores also commented on working with the forthcoming Trump administration concerning tariffs to ensure smooth international business.
Source: YAHOO