HP vacation earnings chopped in half, CEO says ‘we proceed to see a slowdown’ in PC gross sales

HP Inc.’s inventory rose barely Tuesday after the personal-computer maker reported quarterly earnings that beat Wall Street estimates regardless of a steep drop in income and GAAP earnings being minimize in half.

HP HPQ posted fiscal first-quarter web earnings of $487 million, or 49 cents a share, down from web earnings of $1.1 billion, or 99 cents a share, within the year-ago quarter. After stripping out prices, together with restructuring costs, the corporate reported earnings of 75 cents a share, down from $1.10 a share a 12 months in the past.


Source web site: www.marketwatch.com

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