HP Inc. Tightens The Belt: Mixed Q3 Results And Cautious FY24 Outlook
Portfolio Pulse from Lekha Gupta
HP Inc. reported mixed Q3 results with a 2.4% increase in net revenue, but a decline in adjusted EPS. The company tightened its FY24 outlook and increased its share repurchase authorization. HPQ shares are down 2.16% premarket.
August 29, 2024 | 10:26 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Investors can gain exposure to HP Inc. through the 3D Printing ETF (PRNT).
PRNT is mentioned as a way to gain exposure to HP Inc., but the direct impact on PRNT is minimal as it is an ETF with broader holdings.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
Investors can gain exposure to HP Inc. through the Affinity World Leaders Equity ETF (WLDR).
WLDR is mentioned as a way to gain exposure to HP Inc., but the direct impact on WLDR is minimal as it is an ETF with broader holdings.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEGATIVE IMPACT
HP Inc. reported a 2.4% increase in Q3 net revenue but missed EPS expectations. The company tightened its FY24 EPS outlook and increased share repurchase authorization. HPQ shares are down 2.16% premarket.
HPQ's mixed Q3 results, with revenue growth but EPS miss, and a cautious FY24 outlook, have led to a premarket share price decline. The increased share repurchase authorization is a positive, but the overall sentiment is negative due to the EPS miss and tightened outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100