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HP Inc. CEO Enrique Lores discusses the company's plans to cut more than 1,000 jobs and possibly moving manufacturing back to the US on "Bloomberg Open Interest." HP gave a profit outlook for the current quarter that fell short of expectations, citing the impact of rising component costs and tariffs on goods from China.
Selling action in tech continues with Dell Technologies (DELL) and HP Inc. (HPQ). Both companies reported earnings Thursday evening after Nvidia's (NVDA) tumble throughout the day.
Tech earnings are seeing some weakness heading into the weekend. HP Inc. (HPQ) says users are switching to A.I.
While recovery in the PC market boosted HPQ's Q1 top line, higher commodity costs and increased investments in strategic initiatives weighed on the bottom line.
HP Inc. (NYSE:HPQ ) Q1 2025 Earnings Conference Call February 27, 2025 5:30 PM ET Company Participants Orit Keinan-Nahon - Head of IR Enrique Lores - President and CEO Karen Parkhill - CFO Conference Call Participants Joseph Cardoso - JPMorgan Brian Luke - UBS Wamsi Mohan - Bank of America Merrill Lynch Dylan Liu - Morgan Stanley Michael Ng - Goldman Sachs Mike Cadiz - Citi Alek Valero - Loop Capital Operator Good day, everyone, and welcome to the First Quarter 2025 HP Inc. Earnings Conference Call. My name is Regina, and I will be your conference moderator for today's call.
While the top- and bottom-line numbers for HP (HPQ) give a sense of how the business performed in the quarter ended January 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
HP (HPQ) came out with quarterly earnings of $0.74 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.81 per share a year ago.
HP (HPQ) reported fiscal first-quarter sales that topped analysts' estimates, though its soft outlook disappointed.
HP Inc. has been proactive in dealing with the potential impact from looming tariffs on goods manufactured in China, including an ongoing shift of its manufacturing operations and purchasing more inventory ahead of the expected tariffs.
HP Inc. (HPQ) is little changed after hours with an earnings report that didn't boost excitement. George Tsilis says not to write off the stock, though.