HP Inc. continues to navigate a tough economy, with all eyes on artificial intelligence and a PC rebound later in the year, and HPE posts "solid...
HP Inc. continues to navigate a tough economy, with all eyes on artificial intelligence and a PC rebound later in the year.
Net... HP Inc. continues to navigate a tough economy, with all eyes on artificial intelligence and a PC rebound later in the year. “Our disciplined execution and strong innovation in a tough macro environment allowed us to deliver non-GAAP EPS at the high end of our target in [the second quarter],” HP Chief Executive Enrique Lores said in an interview, adding that PC sales should rebound in the second half of the year and into 2024.
HP’s personal-systems sales, which include PCs and laptops, hauled in $8.2 billion, but plunged 29% from the same quarter a year ago. The performance fell short of FactSet analyst estimates of $8.4 billion.HP offered strong third-quarter adjusted earnings guidance of between 81 cents and 91 cents a share. Analysts polled by FactSet expect on average 85 cents a share.
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