HP shares are trading lower after the company reported mixed Q3 financial results and tightened its FY25 adjusted net EPS with its midpoint below estimates.
Portfolio Pulse from Benzinga Newsdesk
HP shares declined following the release of mixed Q3 financial results and a tightened FY25 adjusted net EPS guidance, with the midpoint falling below analyst estimates.
August 29, 2024 | 12:02 pm
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HP's stock is trading lower due to mixed Q3 results and a FY25 EPS guidance midpoint that is below expectations.
The decline in HP's stock price is attributed to the company's mixed Q3 financial results and the FY25 EPS guidance midpoint being below analyst expectations. This suggests potential challenges in meeting future earnings targets, leading to negative investor sentiment.
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IMPORTANCE 80
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