On June 3, HP Inc. fell 5.01% in regular trading, trading at $27.825/share, with trading volume of $450 million.
On the news front, Goldman Sachs recently issued a report maintaining a bearish stance on HP, citing approximately 35% downside risk despite the stock's recent rally driven by AI PC momentum. The selloff was further compounded by HP's decision to lower its full-year adjusted EPS upper limit from $3.20 to $3.10, warning that rising memory costs will continue to pressure profit margins.
HP's fiscal Q2 results, reported on May 27, showed revenue of $14.4 billion (up 9.2% YoY) and adjusted EPS of $0.86, both exceeding expectations. However, the company narrowed its full-year adjusted EPS guidance to $2.90-$3.10, with management cautioning that the memory and storage environment remains tight. Analysts noted that while double-digit PC pricing growth boosted segment performance, some demand may have been pulled forward, potentially weakening Q4 earnings. Additionally, HP previously announced a global workforce reduction of 4,000 to 6,000 employees as part of its restructuring efforts.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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