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HP Inc. reported a 1.7% year-over-year increase in Q4 revenue to $14.1 billion, with Personal Systems revenue up by 2% to $9.59 billion, slightly below the $9.74 billion estimate. Despite the revenue growth, HP's stock fell more than 7% after hours due to a profit forecast for the first quarter of the fiscal year that was below Wall Street expectations. This suggests a continued struggle in the personal computer market's recovery from a prolonged slump.
Dell Technologies massive AI spend didn't show up. Of did it? Here's what you should know: https://t.co/TijiV8VTpr $DELL 🎙️ @DrillDownPod #DrillDownEarnings #DDE #Dell Technologies
HP, Dell's weak forecasts spark share selloff, doubts over PC market recovery https://t.co/VbXGXrIhD8 https://t.co/g5BoioEVzR
HP stock experienced a decline after announcing lowered profit guidance for the upcoming quarter, highlighting concerns about the current state of the PC market. $HPQ
