HP set to fall as revenue and earning outlook disappoint
Portfolio Pulse from
HP Inc's shares are expected to drop by 8% due to disappointing quarterly revenue and earnings guidance. Despite a 3% rise in earnings to $0.93, revenue fell 4% to $13.2 billion, missing analysts' expectations of $14.0 billion.
November 27, 2024 | 1:00 pm
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NEGATIVE IMPACT
HP Inc's shares are expected to decline by 8% due to disappointing revenue and earnings guidance. Revenue fell short of expectations, impacting investor sentiment.
HP Inc's revenue fell short of analyst expectations, and the earnings guidance for the next quarter disappointed investors. This has led to a negative sentiment, causing an expected 8% drop in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100