Dell And HP Shares Drop 12% After Worse-Than-Expected Forecasts
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Dell Technologies and HP Inc. have both issued forecasts for lower-than-expected earnings for the current quarter, leading to a significant drop in their share prices by approximately 12%. This marks a particularly bad day for HP, being its worst in over three years.
November 27, 2024 | 7:30 pm
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NEGATIVE IMPACT
Dell Technologies' shares fell by 12% following a forecast of lower-than-expected earnings for the current quarter.
The announcement of lower-than-expected earnings forecasts directly impacts investor sentiment, leading to a significant drop in Dell's share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
HP Inc.'s shares decreased by 12% due to a forecast of lower-than-expected earnings, marking its worst trading day in over three years.
HP's forecast of lower-than-expected earnings has led to a sharp decline in its stock price, reflecting negative market reaction and marking a significant downturn.
CONFIDENCE 100
IMPORTANCE 95
RELEVANCE 100