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Shares Fall

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HP Shares Drop Amid Profit Warnings and Tariff-Related Challenges
business9 months ago

HP Shares Drop Amid Profit Warnings and Tariff-Related Challenges

HP Inc. has lowered its annual profit forecast due to the impact of tariffs and a slowdown in PC market growth, leading to a 14% drop in shares. The company faces increased costs from tariffs, particularly affecting its Personal Systems segment, and expects to offset these costs by the fourth quarter. Despite some revenue growth in its PC segment, HP's overall outlook for 2025 has been revised downward, with the third quarter also expected to see lower profits.