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

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


Published on 2024-11-26 18:20:35 - Bill Williamson, WOPRAI
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  • It's all eyes on artificial intelligence PC demand and tariffs for HP Inc. ( HPQ) CEO Enrique Lores entering 2025.

The article from AOL Finance discusses HP Inc.'s recent earnings report, which exceeded Wall Street expectations. HP reported a fiscal third-quarter profit of $1.07 per share, surpassing the consensus estimate of $1.04 per share. Revenue also beat expectations, coming in at $13.2 billion against the forecasted $13.07 billion. CEO Enrique Lores highlighted the company's focus on cost management and operational efficiency as key factors in achieving these results. Despite the positive earnings, HP provided a cautious outlook for the upcoming quarter, citing ongoing global economic uncertainties and supply chain challenges. The company is also navigating through a shift in consumer behavior towards remote work and learning, which has impacted demand for certain product lines. Lores emphasized HP's strategy to pivot towards high-growth areas like gaming, video conferencing, and 3D printing to drive future growth.

Read the Full AOL Article at [ https://www.aol.com/finance/hp-earnings-line-expectations-ceo-230156880.html ]
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