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.
HP's fourth-quarter fiscal 2024 results are likely to benefit from strength in the Personal Systems segment, slightly offset by softness in the Printing market.
Evaluate the expected performance of HP (HPQ) for the quarter ended October 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
HP (HPQ) concluded the recent trading session at $37.43, signifying a +1.93% move from its prior day's close.
In the closing of the recent trading day, HP (HPQ) stood at $37.11, denoting a -1.49% change from the preceding trading day.
HPQ rides high on the back of an innovative product line. However, stiff competition and macroeconomic challenges may undermine near-term prospects.
If you're finding it more challenging to spot bargains after the past-year stock market rally, you're not alone.
The latest trading day saw HP (HPQ) settling at $37.42, representing a +1.46% change from its previous close.
HP (HPQ) concluded the recent trading session at $36.23, signifying a -0.63% move from its prior day's close.