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HP Falls On Warning Chip Shortage May Hurt Supplies

Tiger Newspress2021-05-28

Shares of HP Inc (NYSE:HPQ) fell by more than 8% as the company’s warning that the semiconductor chip shortage would limit its ability to supply personal computing devices and printers at least until the end of the year overshadowed its robust quarterly earnings.

Not with standing shortage of raw materials that go into devices, the maker of desktops, laptops, printers and other IT peripherals retains a bullish outlook about the overall demand.

But the company’s caution only added to what many have been fearing and that is that sales of its PCs might have peaked. The contention is that increasing vaccinations will bring more people back into their offices, diluting the need for personal computers as they no longer work from home.

According to TheStreet, analysts atCitigroup(NYSE:C) pointed to HP not getting “… the full sales upside to flow through the EPS,” which “will likely raise a new question for investors: “Is this the peak?”

Still, Citigroup has a buy rating on the stock and a year’s target of $40, TheStreet said. This is approximately 25% higher from its last close of $32.10.

HP reported second quarter non-GAAP diluted net EPS of $0.93 on revenue of $15.9 billion which rose 27.3% from a year-ago period.

For the third quarter, HP estimates non-GAAP diluted net EPS to be in the range of $0.81 to $0.85.

For fiscal 2021, non-GAAP diluted net EPS is seen between $3.40 and $3.50.

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Comment41

  • Taylorx
    ·2021-05-31
     What’ll be the repercussion?
    Reply
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  • lyj893
    ·2021-05-31
    Wow
    Reply
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  • JorgenS
    ·2021-05-31
    Oh no
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  • Investigater
    ·2021-05-30
    Nooooo
    Reply
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  • HPQ x chips
    Reply
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  • robinlee64
    ·2021-05-30
    Monitor first
    Reply
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    • TANJH
      ok
      2021-05-31
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  • theresaneo
    ·2021-05-30
    Wonder when  will chip shortage recovers..
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  • miaomee
    ·2021-05-30
    Buy the dip. Please like and comment 
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  • Ok
    Reply
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  • BengSeng
    ·2021-05-30
    This is bad
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    • Hellopretty
      Great thinking
      2021-05-30
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  • Roticanai
    ·2021-05-30
    Like
    Reply
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  • jembutkuda
    ·2021-05-30
    The computer and laptop package and other technology peripherals will rise the price, it’s good sign in order the short term 
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    • Taylorx
      ??
      2021-05-31
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  • Des79
    ·2021-05-30
    Chip Shortage will affect the EV vehicle supply and other Tech equipment. This is not a good sign. This round Convid19 is ready making it worse. Alot of industry and sector had been hit very badly.
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  • Atcw
    ·2021-05-30
    Oh no
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  • YH17
    ·2021-05-30
    chip shortage fear...Please like and comment.
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    • Annalz
      give like
      2021-05-31
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    • Mando88
      [黑眼圈] [黑眼圈]
      2021-05-31
      Reply
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    • Annalz
      Give you comment and like
      2021-05-30
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  • ComingSoon
    ·2021-05-30
    Good
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  • MorphyInc
    ·2021-05-30
    Done
    Reply
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  • Supersonia
    ·2021-05-30
    Time to invest in chips share
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  • 名字真难起
    ·2021-05-30
    [Smile] 
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  • LoveYa
    ·2021-05-30
    ?
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    • jamieee
      .
      2021-05-30
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    • 2TheMoon
      ?
      2021-05-30
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