HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
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7 Articles
HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
Aug 26 (Reuters) - HP forecast current-quarter profit above Wall Street estimates on Wednesday, a sign that estimated tariff refunds along with price increases on premium and AI-powered personal computers will offset memory chip expenses. The company...
[Digital Daily Reporter Kim Moon-ki] HP announced on the 27th that despite reporting strong results for the third quarter of its fiscal year (May–July), its stock price plummeted by approximately 10% in after-hours trading due to the impact of rising unit prices caused by soaring memory semiconductor prices and the resulting sharp decline in PC shipments. HP’s total revenue for the third quarter reached $15.7 billion (approximately 21.666 trill…
HP beats on earnings and revenue but PC unit slump sinks the stock
Shares in HP Inc. fell more than 9% in late trading today after a third quarter in which the company shipped far fewer personal computers than a year earlier, even though revenue and earnings landed ahead of analyst expectations. For the quarter that ended on July 31, HP reported adjusted earnings of 83 cents per […] The post HP beats on earnings and revenue but PC unit slump sinks the stock appeared first on SiliconANGLE.
A decline in personal computer (PC) sales overshadowed strong quarterly results from HP, sending the US company's stock into a tailspin. Shares fell 10 percent in after-hours trading on Wednesday. HP reported that the number of PCs shipped fell 16 percent in the third quarter (ending July 31). Nevertheless, revenue in the division rose by 18 percent.
The American computer manufacturer HP reports adjusted earnings per share of $0.83 for the third quarter of 2026.
HP shares slide 9.0%, wiping out $2.5 billion after PC shipments sink 16%
PALO ALTO, California, August 26, 2026, 17:03 (EDT) — HP Inc's stock dropped 9.0%, erasing $2.5 billion in market value, after the company reported a 16% decline in its PC unit shipments. At 5:02 p.m. EDT, HP shares dropped 9.03% to $27.77 in after-hours trading. The drop wiped out approximately $2.5 billion from HP’s market…
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