How To Earn $500 A Month From HP Stock After Weak Earnings Forecast
Portfolio Pulse from Lisa Levin
HP Inc. reported in-line earnings for Q3 but lowered its full-year forecast. The company's Q3 earnings beat analyst estimates, but represented a decrease from the same period last year. Several analysts lowered their price targets on HP's stock following the earnings release. The article also discusses how investors can earn from HP's dividends, which currently offer an annual yield of 3.35%.
August 31, 2023 | 12:29 pm
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HP Inc. reported in-line Q3 earnings but lowered its full-year forecast, leading to several analysts lowering their price targets on the stock. However, the company's dividends offer an annual yield of 3.35%, which could be attractive to investors.
HP's lowered full-year forecast and the subsequent lowering of price targets by analysts could negatively impact the company's stock price in the short term. However, the company's dividends, which offer an annual yield of 3.35%, could provide some cushion to the stock's price.
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