Why Is HP Inc (HPQ) Stock Down Today?
Portfolio Pulse from Ryan Gustafson
HP Inc's stock is down after reporting mixed Q2 earnings results, with EPS of 80 cents beating estimates but sales of $12.91 billion missing the expected $13.07 billion. BofA Securities and UBS maintained their ratings and raised price targets.

May 31, 2023 | 5:42 pm
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HP Inc's stock is down due to mixed Q2 earnings results, with EPS beating estimates but sales missing expectations. Analysts maintain ratings and raise price targets.
HP Inc's stock is down due to the mixed Q2 earnings results, which showed the company beating EPS estimates but missing sales expectations. This creates uncertainty among investors, leading to a negative short-term impact on the stock price. Additionally, analysts maintaining their ratings and raising price targets may not be enough to offset the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100