US EditionHP sinks 15% as company misses on earnings, guidance due to ‘added cost’ from tariffs
- HP reported second-quarter earnings on May 7, 2025, with shares falling 15% after missing earnings and providing disappointing guidance.
- The company retracted its financial projections for 2025, citing uncertainty in the broader economic environment largely driven by newly imposed U.S. Tariffs on imported products.
- HP announced a $4 billion to $5 billion projected negative impact linked to the current trade regulatory environment and said it accelerated production outside China.
- CEO Enrique Lores stated that by the close of June, almost all HP products available in North America are projected to be manufactured outside of China.
- The company expects to fully offset increased trade-related costs by the fourth quarter, while the uncertain tariff landscape complicates future earnings forecasting.
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HP (NYSE:HPQ) Price Target Lowered to $26.00 at Morgan Stanley
HP (NYSE:HPQ – Free Report) had its price target trimmed by Morgan Stanley from $29.00 to $26.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the computer maker’s stock. Other equities research analysts also recently issued research reports about the company. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Evercore ISI decreased…
HP Profit Outlook Falls Short on Tariffs Costs, Economy
HP Inc. gave a profit outlook for the current quarter that fell short of expectations, and cut its annual earnings forecast, pointing toward a weaker economy and continuing costs from US tariffs on goods from China. The shares fell about 15% in extended trading.
HP cuts annual profit forecast as tariffs weigh on demand, shares fall
HP Inc cut its annual profit forecast on Wednesday as it expects a moderation in PC market growth at a time when the global economic environment remains volatile, sending its shares down 14% in extended trading.
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