HP Lowers Profit Outlook Amid Sluggish Sales
Computing giant HP Inc. decided to lower its annual profit outlook on Thursday following what has been a year-long decline in the PC retail segment with a particularly stark decline in shipments to China. Shares in the company slumped by 10.7% during premarket trading...
HP CEO Says the Company’s Declining Sales are “Driven by the Macroeconomy”
PC and printer maker HP Inc. unveiled its first quarter results on Monday, and the report is best described as a mix of bad and good. The company saw declining sales in the Q1 of 2023 but also managed to beat the earnings estimates.
Compared...