HP Inc HPQ stock traded lower Wednesday after the company reported fiscal fourth-quarter financial results and issued fiscal first-quarter adjusted EPS guidance below estimates.
HP's Q4 bottom-line results reflect the negative impact of rising costs in the Personal Systems segment, partially offset by a recovery in Printing.
HP Inc (NYSE: HPQ) chief executive is convinced the company is fairly positioned to navigate Trump tariffs. The multinational has diversified to build a “more resilient supply chain” over the past three years, as per Enrique Lores.
HP Inc (NYSE:HPQ) shares are set to fall around 8%, based on pre-market trading, after the personal computer maker's quarterly revenue and guidance for earnings in the coming quarter disappointed investors. Earnings for its fiscal fourth quarter rose 3% year on year to $0.93, which was in line with Wall Street expectations, on revenue that fell 4% to $13.2 billion, below analysts' expectations of $14.0 billion.
HP Inc. President and CEO Enrique Lores joins 'Mad Money' host Jim Cramer to talk quarterly results, the impact of AI, how tariffs will impact the business and more.
HP Inc. (NYSE:HPQ ) Q4 2024 Earnings Conference Call November 26, 2024 5:30 PM ET Company Participants Orit Keinan-Nahon - Head of Investor Relations Enrique Lores - President and Chief Executive Officer Karen Parkhill - Chief Financial Officer Conference Call Participants Wamsi Mohan - Bank of America Erik Woodring - Morgan Stanley Irvin Liu - Evercore ISI Toni Sacconaghi - Bernstein Samik Chatterjee - JPMorgan Asiya Merchant - Citi Krish Sankar - TD Cowen David Vogt - UBS Michael Ng - Goldman Sachs Ananda Baruah - Loop Capital Markets Aaron Rakers - Wells Fargo Operator Good day, everyone, and welcome to the Fourth Quarter 2024 HP Inc. Earnings Conference Call. My name is Lisa, and I'll be your conference moderator for today's call.
While the top- and bottom-line numbers for HP (HPQ) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
HP (HPQ) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.90 per share a year ago.
HP (HPQ) shares tumbled in extended trading Tuesday after the company's current-quarter outlook missed analysts' projections, despite better-than-expected results for the fiscal fourth-quarter.
HP's stock is down following the company's latest earnings.
HP forecast its first-quarter profit below Wall Street expectations on Tuesday, in a sign of persistent choppiness in demand in the personal computers market.
HP (HPQ) will report fiscal fourth-quarter earnings after the bell Tuesday, and analysts are taking a wait-and-see approach with the maker of PCs and printers.