HP Reports Soft Q1 Guidance, Shares Tumble in Afte…

From Financial Modeling Prep: 2024-11-27 04:56:58

HP Inc. issued a weaker forecast for Q1 2024, causing its stock to drop in after-hours trading. Revenue and earnings per share projections fell below expectations, with declining PC demand and printer segment challenges cited as key factors. Broader economic uncertainties further impact growth expectations.

The market reacted negatively to HP’s cautious outlook, with shares falling sharply. Analysts are expected to reassess their price targets and recommendations based on the updated guidance. Tools like Earnings Calendar and Earnings Transcripts API can provide deeper insights into earnings trends and company performance.

HP’s challenges in the tech hardware sector persist, with declining demand and macroeconomic pressures affecting performance. Investors will closely watch for the company’s strategies to overcome these issues and regain momentum in the market.



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