BUZZ-HP's weak quarterly profit outlook drags shares lower
ReutersFeb 28, 2025 10:11 AM
Personal computer maker HP Inc's HPQ.N shares fall 3.71% to $31.90 in premarket trading
Co on Thursday projected second-quarter adjusted profit per share between 75 cents and 85 cents , lower than analysts' consensus estimate of 86 cents, according to data compiled by LSEG
Shares fell despite HP beating revenue estimates for first quarter ending December 31
J.P.Morgan says "commercial PC refresh is gaining momentum, however, competitive backdrop and tariffs represent hurdles to navigate"
Three of 16 brokerages rate the stock "buy" or higher, 12 "hold" and one "sell"; their median PT is $36.25 - LSEG
Stock had risen ~1.5% so far in 2025
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