HP Inc. plans to cut jobs and increase savings target for 2025, shares decline.

From StockTwits: 2025-02-27 23:36:14

HP Inc. raised its “Future Ready” savings target to $1.9 billion by fiscal year 2025, aiming to cut 1,000-2,000 jobs. Shares declined in after-hours trading following Q1 2025 earnings that were in line with expectations. Adjusted EPS was $0.74, revenue was $13.5 billion, and non-GAAP operating margin was 7.3%. CEO Enrique Lores highlighted revenue growth for the third straight quarter, driven by a strong commercial business in Personal Systems. Personal Systems revenue rose 5%, while printing revenue declined 2%. HP expects second-quarter non-GAAP EPS of $0.75-$0.85 and maintained full-year adjusted EPS at $3.45 to $3.75. Sentiment toward HP stock on Stocktwits remained ‘neutral’ with an ‘extremely high’ message volume, and the stock fell 3.86% in after-hours trading.



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