HP Inc has lowered its annual profit expectations due to a prolonged slump in the personal computers segment and sluggish demand in China.
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.
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.
HP's stock dropped 5.6% after posting lower-than-expected revenue for the fiscal third quarter, while PVH's stock climbed 2.6% on strong financial results and an improved outlook.
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.
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.
Some stocks, including Honeywell, Rockwell Automation, and Apple, have seen their prices drop recently despite relatively good earnings reports, highlighting the importance of valuations in the stock market.
C3.ai stock falls after the company withdraws its profit forecast, despite posting solid results for its latest quarter.
C3.ai Inc. shares dropped 8% in after-hours trading following the release of quarterly results, despite the company's positive performance and CEO's statement on strong traction with enterprise AI applications.
Oracle stock dropped by 13% after its earnings fell short of AI expectations, with slower cloud sales growth and lower guidance contributing to the disappointment on Wall Street.
Warren Buffett's investment firm Berkshire Hathaway has sold about $158 million worth of HP stock after the purchase in April, as the PC and printer company's struggling businesses and declining growth outlook dampen its potential for long-term profitability.
Shares of Microsoft Corp. fell 2.50% as the stock market experienced a dismal trading session, ending its two-day winning streak.
C3.ai's stock has experienced a decline despite the increasing demand for generative AI, leading analysts to express concerns about the company's prospects and providing a downside potential for its stock price.
Intel's stock drops as analysts express skepticism about the company's ability to compete with Nvidia in artificial intelligence.
Broadcom's stock dropped 6% after reports emerged that Google may drop the company as a supplier of artificial intelligence chips by 2027, with Google considering designing the chips in-house to save costs.
