HPQ - HP Inc.

DELL Q1 Earnings Beat Estimates, Lower PC Sales Hurt Revenues

Dell Technologies' (DELL) first-quarter fiscal 2024 results continue to reflect sluggish PC demand, hurting Client Solutions Group business.

AI will 'change significantly' the business of work: HP CEO

HP Inc. CEO Enrique Lores sees big changes ahead to the business work as AI advances.

The Good News (and Bad) About HP's Q2

Revenue fell short of estimates due to a marked decline in PC sales. As a recap, for the three-month stretch ending in April, HP turned $12.9 billion in revenue into an adjusted per-share profit of $1.07. The bottom line beat estimates of $0.76 per share, although it still slumped 31% from the year-ago second quarter's comparison of $1.20.

AI is 'going to radically change' how we use PCs, says HP CEO

HP's second quarter results were mixed. Revenue was slightly lighter than analysts were expecting. It comes amid a backdrop of slowing PC sales. HP CEO Enrique Lores expects PC demand to pick up in the coming months. Lores also anticipates benefiting from AI, telling Yahoo Finance Live that AI will "radically change" how we use PCs. 

Company News for Jun 1, 2023

Companies in The News Are: AAP,BOX,HPE,HPQ

Is HP Stock a Buy Now?

Shares of HP (NYSE: HPQ) dropped 4% during after-hours trading on May 30 following the PC and printer maker's latest earnings report. It experienced a growth spurt during the pandemic as more consumers purchased new PCs for remote work, online classes, and video games, but those tailwinds dissipated in a post-pandemic world. Its commercial PC and printing businesses offset some of that post-pandemic slowdown as companies upgraded their hardware again, but that recovery was disrupted by macro headwinds over the past year.

Why Advanced Micro Devices, Taiwan Semiconductor Manufacturing, and Dell Technologies Plunged Today

Shares of semiconductor giants Advanced Micro Devices (NASDAQ: AMD), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Dell Technologies (NYSE: DELL) were all falling on Wednesday, down 5.2%, 3.7%, and 5.3%, respectively, as of 3:42 p.m. ET. None of these three companies had any company-specific news today, but one -- or actually, two -- of their main rivals reported earnings last night, casting a pall over any chip stock leveraged to the PC or server markets. Yesterday, both HP Inc. (NYSE: HPQ) and Hewlett Packard Enterprise (NYSE: HPE) reported earnings that disappointed.

SoFi's debt deal boost, Advance Auto Parts' plunge, HP earnings: Market check

The Yahoo Finance Live team breaks down some of the top moving stocks of the day. SoFi shares jumped on the debt deal moving through Congress. Under the terms of the deal, student loan repayments would restart, which would be good for SoFi's business.  Advance Auto Parts shares plummeted more than 30% after slashing its guidance and dividend.  Shares of both HP Inc. and Hewlett Packard Enterprise ended the day lower after the companies reported earnings that didn't meet investor expectations. Click here to see what HPE's CFO had to say about his company's results. 

HP (HPQ) Q2 Earnings Surpass, Revenues Miss Expectations

A slowdown in consumer demand, tightening corporate budget amid ongoing macroeconomic challenges and unfavorable currency exchange rates mainly hurt HP's (HPQ) overall financial performance in Q2.

HP stock falls on Q2 revenue miss, declining PC sales

Shares of HP Inc. drop after the computer brand announces a mixed earnings report as the company feels the impact of declining PC sales. 

AI is about to significantly change your computer: HP CEO

HP Inc. is plotting an AI future as sales of PCs continue to be under pressure.

HP (HPQ) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Although the revenue and EPS for HP (HPQ) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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HP (HPQ) Q2 Earnings Top Estimates

HP (HPQ) delivered earnings and revenue surprises of 5.26% and 1.21%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?

HP Inc., Box, Hewlett Packard Enterprise: Top stocks to watch

Yahoo Finance Live's Seana Smith takes a look at several stocks trending in the after-hours trading session including HP Inc., Box, and Hewlett Packard Enterprise.

HP Sales Decline Worse Than Expected as PC Slump Continues

(Bloomberg) -- HP Inc. reported sales that fell further than analysts’ estimated, a sign the company continues to be hamstrung by the ongoing slump in demand for personal computers.Most Read from BloombergTrillion-Dollar Treasury Vacuum Coming for Wall Street RallyAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersQatar Airways Plans for Future Without First Class on Long-HaulRich Latin Americans Transform Laid-Back Madrid Into a New MiamiTaylor Swift Argentina Tickets Are a Barg

HP misses revenue estimates as inflation saps PC demand

Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices. Sales for HP's Personal Systems segment - home to its desktop and notebook PCs - dropped 29% in the reported quarter, while the company's printing segment recorded a 5% fall. "From a demand perspective, especially on the consumer side, the second half is stronger," said CEO Enrique Lores in an interview with Reuters.

HP earnings beat despite another quarterly slump in PC sales

HP Inc. managed to beat on earnings amid a focus on managing its costs.

Dell Technologies (DELL) to Post Q1 Earnings: What's in Store?

Dell Technologies' (DELL) first-quarter fiscal 2024 performance is expected to have suffered from a sluggish PC market and unfavorable forex.