TSLA
Tesla
-- 431.660 RGTI
Rigetti Computing
-- 17.0800 NVDA
NVIDIA
-- 137.010 PLTR
Palantir
-- 79.080 LAES
SEALSQ Corp
-- 9.080 
HP lowers profit forecast for the fiscal year, printer business continues to struggle - stock falls.
August 29, 2024 9:32 JST (excerpt)
Earnings per share for the full year are projected to be $3.35-3.45 - previously expected to be up to $3.60.
The revenue of the printer department in May-July decreased by 3%, and it is expected to continue to decline for the rest of the year, according to the CEO.
US PC and printer manufacturer HP lowered its profit forecast for the October 2024 fiscal year on the 28th. This is due to the continued slump in the printer division, causing the company's stock price to drop by about 3% in after-hours trading.
According to the announcement material, the company is expecting an earnings per share of $3.35-$3.45 for the full year, excluding certain items. The previous forecast was up to $3.60.
Earnings per share for the full year are projected to be $3.35-3.45 - previously expected to be up to $3.60.
The revenue of the printer department in May-July decreased by 3%, and it is expected to continue to decline for the rest of the year, according to the CEO.
US PC and printer manufacturer HP lowered its profit forecast for the October 2024 fiscal year on the 28th. This is due to the continued slump in the printer division, causing the company's stock price to drop by about 3% in after-hours trading.
According to the announcement material, the company is expecting an earnings per share of $3.35-$3.45 for the full year, excluding certain items. The previous forecast was up to $3.60.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment