Sumability
Topics
  1. Home
    2. >
  2. Stock Markets 🤑
Posted

HP Forecasts Lower Q1 Profit Amid Slow PC Recovery, But Sticks to Long-Term Outlook

  • HP forecasts lower than expected first quarter profit amid slow PC market recovery.
  • They maintained their fiscal 2024 adjusted profit forecast of $3.25 to $3.65 per share.
  • HP expects to launch AI PCs in the second half of 2023.
  • PC chipmakers signal prolonged PC market slump may be nearing an end.
  • HP continues to see weak demand in China across both consumer and commercial markets.
reuters.com