HP Inc (HPQ) Stock Falls 9% After Earnings Beat Fails to Impress – Here’s Why
TLDR
- HP stock fell 9.3% in after-hours trading to $27.68, despite beating earnings and revenue estimates.
- HP reported EPS of $0.83 vs the $0.66 estimate, and revenue of $15.7B vs the $14.34B estimate.
- Personal systems unit sales fell 16%, with consumer unit sales dropping 19%.
- Memory chip shortages, dubbed “RAMageddon,” continue to weigh on PC and laptop sales.
- HP raised its full-year EPS outlook to $3.19-$3.29, up from the previous $2.90-$3.10 range.
HP Inc (HPQ) stock dropped 9.3% in after-hours trading on Tuesday, falling to $27.68, after the company posted its fiscal third-quarter results for the three months ending in July.
The drop surprised some, given that HP beat on both earnings and revenue. The company reported EPS of $0.83, beating the analyst estimate of $0.66 by $0.17. Revenue came in at $15.7 billion, well above the consensus estimate of $14.34 billion.
HP’s stock closed the regular session at $30.52 before the after-hours selloff.
HP $HPQ Q3’26 EARNINGS HIGHLIGHTS
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
