HP, Dell's weak forecasts spark share selloff, doubts over PC market recovery
Nov 27 (Reuters) - Shares of Dell (DELL.N), opens new tab and HP (HPQ.N), opens new tab fell on Wednesday after the personal computer makers issued forecasts that cast doubt on a market recovery driven by artificial intelligence-enabled PCs. Dell fell 13% ...
HP’s stock sinks on lower guidance, despite optimism in the PC market
Profitability took a hit as well, as HP reported net earnings of $906 million for the quarter, down from $974 million one year earlier. The company also reported total revenue in fiscal 2024 of $53.6 billion, which was more or less flat compared to the prior year.
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HP posted a mixed fiscal fourth quarter and guided for a downbeat fiscal 2025, sending its stock tumbling in after-hours ...
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Stay updated on HP's fourth quarter earnings announcement, PC market trends, print segment challenges, and analyst ...
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