HP Inc. (HPQ) Q3 2024 Earnings Call Transcript
HP Inc. (NYSE:HPQ ) Q3 2024 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Orit Keinan-Nahon - Head of Investor Relations Enrique Lores - President and Chief Executive Officer Karen Parkhill - Chief Financial Officer Tim Brown - Interim Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Erik Woodring - Morgan Stanley Toni Sacconaghi - Bernstein Research Wamsi Mohan - Bank of America Michael Ng - Goldman Sachs Irvin Liu - Evercore ISI Steven Chin - TD Cowen Operator Hello. Good day, everyone, and welcome to the Third Quarter 2024 HP Inc. Earnings Conference Call.
HP returns to growth, but stock falls as profit comes up short
The maker of personal computers and printing products HPQ on Wednesday posted revenue of $13.52 billion for its fiscal third quarter. That was up from $13.2 billion a year before and ahead of the $13.37 billion FactSet analyst consensus.
HP (HPQ) Lags Q3 Earnings Estimates
HP (HPQ) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.86 per share a year ago.
HP returns to revenue growth, driven by PC market recovery and AI demand
HP Inc beat Wall Street estimates for third-quarter revenue on Wednesday, marking its first quarter of revenue growth after eight consecutive quarters of decline.
HP gets $50m CHIPS Act boost
The US Commerce Department announced plans to award $50 million to HP Inc (NYSE:HPQ) for the expansion and modernization of its Oregon facility. Reports suggest the investment will enhance key semiconductor technologies, particularly in life sciences instrumentation and AI hardware, and supports HP's work in microfluidics and microelectromechanical systems, crucial for manufacturing silicon devices used in drug discovery and cell research.
US to award HP $50 mln for semiconductor tech project
The U.S. Commerce Department said Tuesday it plans to award $50 million to HP to support the expansion and modernization of an existing company facility in Oregon that will boost key semiconductor technologies.
What's in the Offing for HP (HPQ) This Earnings Season?
HP's (HPQ) fiscal Q3 results are likely to be hurt by a volatile external environment and protracted inflationary conditions that are affecting demand for PCs.
Ahead of HP (HPQ) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for HP (HPQ), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended July 2024.
HP (HPQ) Expands Its Gaming Footprint With Latest Products
HP (HPQ) launches gaming products, including the Omen 35L gaming desktop, HyperX QuadCast 2 and HyperX QuadCast 2 S mics, as well as the HyperX Alloy Rise 75 Wireless keyboard.
HP (HPQ) Increases Despite Market Slip: Here's What You Need to Know
In the closing of the recent trading day, HP (HPQ) stood at $34.81, denoting a +0.61% change from the preceding trading day.
HP Stock Is the S&P 500's Top Decliner
Analysts at Morgan Stanley downgraded shares of HP to Equal-Weight from Overweight.
This HP Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
