HP earnings in line with expectations, CEO says tariffs would hit the consumer

Yahoo Finance11-27

It's all eyes on artificial intelligence PC demand and tariffs for HP Inc. (HPQ) CEO Enrique Lores entering 2025. "Some of that [cost of potential tariffs] will have to go to consumers given what is ...

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(HPQ) CEO Enrique Lores entering 2025.\n\"Some of that [cost of potential tariffs] will have to go to consumers given what is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hp-earnings-in-line-with-expectations-ceo-says-tariffs-would-hit-the-consumer-230156921.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HP earnings in line with expectations, CEO says tariffs would hit the consumer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHP earnings in line with expectations, CEO says tariffs would hit the consumer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-27 07:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/hp-earnings-in-line-with-expectations-ceo-says-tariffs-would-hit-the-consumer-230156921.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's all eyes on artificial intelligence PC demand and tariffs for HP Inc. (HPQ) CEO Enrique Lores entering 2025.\n\"Some of that [cost of potential tariffs] will have to go to consumers given what is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hp-earnings-in-line-with-expectations-ceo-says-tariffs-would-hit-the-consumer-230156921.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSFT","symbol_name":"微软","start_time":0,"source_url":"https://finance.yahoo.com/news/hp-earnings-in-line-with-expectations-ceo-says-tariffs-would-hit-the-consumer-230156921.html","article_id":"2486855798","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/TKAi3Qx6ydVt3r96thl3AA--~B/aD0zMTI2O3c9NDc1MjthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2022-02/f4691570-98db-11ec-9fde-85ade470cab7"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486855798","pubTimestamp":1732662116,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"It's all eyes on artificial intelligence PC demand and tariffs for HP Inc.  CEO Enrique Lores entering 2025.\"Some of that [cost of potential tariffs] will have to go to consumers given what is the overall margin that we have in the categories. But again, we need to wait and see what the final tariffs are for us to define what the exact plan is going to be,\" Lores told Yahoo Finance on Tuesday .The comments on prices to consumers echo some of those made by Best Buy CEO Corie Barry today on her call with reporters.Sales of consumer PCs fell 4% in the quarter, while commercial sales improved 5%. Operating margins in the PC division fell sharply year over year.Worldwide shipments of traditional PCs in the calendar year third quarter hit 68.8 million, down 2.4% year over year, according to data from IDC. Sales were hurt by rising costs and inventory replenishment in the prior quarter, IDC explained.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MSFT":"微软","BBY":"百思买","AAPL":"苹果","DELL":"戴尔","NVDA":"英伟达","XRX":"施乐","HPQ":"惠普","AMD":"美国超微公司","HPE":"慧与科技","INTC":"英特尔","HP":"赫尔默里奇和佩恩材料","QCOM":"高通"},"translate_title":"惠普盈利符合预期，首席执行官称关税将打击消费者","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HP":1,"AAPL":0.9,"AMD":0.9,"BBY":0.9,"DELL":0.9,"HPE":0.9,"HPQ":0.9,"INTC":0.9,"MSFT":0.9,"NVDA":0.9,"QCOM":0.9,"XRX":0.9},"content_text":"It's all eyes on artificial intelligence PC demand and tariffs for HP Inc. (HPQ) CEO Enrique Lores entering 2025.\n\"Some of that [cost of potential tariffs] will have to go to consumers given what is the overall margin that we have in the categories. But again, we need to wait and see what the final tariffs are for us to define what the exact plan is going to be,\" Lores told Yahoo Finance on Tuesday (video above). \nThe comments on prices to consumers echo some of those made by Best Buy CEO Corie Barry today on her call with reporters.\nLores said he is looking forward to working with the incoming Trump administration and prefers smooth trading relationships between countries.\n\"We are a global company that does business in many parts of the globe, and that does development in many parts of the globe, and that has manufacturing in many parts of the globe. So for us, an easy way of trading across countries is the preferred option,\" Lores added.\nRead more: How do tariffs work, and who really pays them?\nAs tariff convos whipsaw markets, HP released mixed fiscal fourth quarter sales results after the market close. \nSales of consumer PCs fell 4% in the quarter, while commercial sales improved 5%. Operating margins in the PC division fell sharply year over year. \nSimilar to the previous quarter, commercial clients are upgrading their computers ahead of Microsoft (MSFT) ending support for Windows 10 in October 2025. \nConsumer PCs are under slight pressure as people await new AI computer releases and spend more money on experiences.\nWorldwide shipments of traditional PCs in the calendar year third quarter hit 68.8 million, down 2.4% year over year, according to data from IDC. Sales were hurt by rising costs and inventory replenishment in the prior quarter, IDC explained.\nEarnings analysis\n\nNet sales: $14.1 billion (+1.7% year over year) vs. $13.9 billion estimate\nPersonal systems sales: $9.6 billion (+2% year over year) vs. $9.7 billion estimate\n\nConsumer personal system sales: -4%\nCommercial personal system sales: +5%\n \nPrinting sales: $4.5 billion (+1% year over year) vs. $4.2 billion estimate\n\nConsumer printing sales: +3%\nCommercial printing sales: -1%\n \nDiluted earnings per share (EPS): $0.93 (+3% year over year) vs. $0.93 estimate (guidance: $0.89-$0.99)\n\nWhat else caught our attention\n\nWeak margins: Quarterly operating margins dropped to 8.5% from 9% a year ago\n\nPersonal systems operating margins fell to 5.7% from 6.7% a year ago\nPrinting operating margins rose to 19.6% from 18.9% a year ago\n \nFiscal first quarter EPS guidance: $0.70 to $0.76 vs. $0.86 estimate\nFull-year EPS guidance: $3.45 to $3.75 vs. $3.60 estimate\n\n\"Demand, without a doubt, has returned for PCs amongst consumers and commercial buyers,\" IDC research manager Jitesh Ubrani said. \"However, much of the demand was still concentrated at the entry-level thanks to a recovering economy and the back-to-school season in North America. That said, newer AI PCs such as Copilot+ PCs from Qualcomm along with Intel and AMD's equivalent chips as well as Apple's expected M4-based Macs are expected to drive the premium segment in coming months.\"\nWhere HP surprised favorably for the first time in a while was its printing business.\nPrinting sales rose 1% from the prior year and came in ahead of expectations. The upside could stem from struggles at rival Xerox (XRX), which is smack in the middle of deep restructuring that pros say is causing market share loss.\n\"On print, results from peers such as Xerox came in below expectations, with Xerox's printing equipment sales declining double-digits year over year due in part to an increase in competitive activity in certain markets,\" Evercore ISI analyst Amit Daryanani said in a client note.\nLores said HP is \"gaining share\" in the printing business, though declined to call out Xerox and cautioned the industry remains volatile. \n\"We think that the overall print market in 2025 will slightly decline. The decline will be less than what we saw this year, but our goal continues to be to perform better than the market,\" Lores said. \n\n\n\n   StockStory aims to help individual investors beat the market.\n  \n\nBrian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi and on LinkedIn. Tips on deals, mergers, activist situations, or anything else? Email brian.sozzi@yahoofinance.com.\nClick here for the latest technology news that will impact the stock market\nRead the latest financial and business news from Yahoo Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486855798"}