HP Enterprise Earnings Top Estimates. Demand Was Strong for Networking Gear.

HP Enterprise reported strong earnings, fueled by growth in the networking business and high demand for high-performance computing and generative artificial intelligence hardware and services.

barrons.com

Relevant topic timeline:

8/29/2023

HP Inc. Earnings Disappoint. The Stock Drops.

HP Inc. has reported disappointing earnings due to weak demand for printers and lower-than-expected prices for personal computers, leading to a drop in their stock.

8/29/2023

HP dials back profit expectations on PC market slump, China weakness

HP Inc tempered its annual profit expectations due to a prolonged slump in the personal computers segment and sluggish demand in China.

8/29/2023

HP’s stock tumbles after mixed results, cautious outlook

HP Inc.'s stock dropped 10.7% in after-hours trading following mixed financial results and a cautious outlook, with CEO Enrique Lores noting that the external environment has not improved as expected and PC pricing has been a challenge, but the availability of AI products in late 2024 is expected to boost sales.

8/30/2023

HP Inc. Stock Falls. Why Short-Term Pain Could Mean Long-Term Gains.

Shares of HP Inc., the maker of personal computers and printers, are falling as the company cuts its earnings outlook, but this short-term pain could lead to long-term gains.

8/30/2023

PC sales still look dreary

PC-making giant HP Inc. experienced a plunge in shares as tepid demand for computers led to a full-year profit warning, highlighting the ongoing challenges of the PC market.