HP shares are trading lower after the company issued FY23 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
HP has issued its FY23 adjusted EPS guidance below estimates, leading to a decrease in its share price.
August 29, 2023 | 8:24 pm
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HP's lower than expected FY23 adjusted EPS guidance has resulted in a decrease in its share price.
HP's FY23 adjusted EPS guidance is a key indicator of the company's future profitability. The lower than expected guidance suggests that the company may not perform as well as investors had hoped, leading to a decrease in demand for the stock and a subsequent drop in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100