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Stock impact report

HP (HPQ) Down 9.5% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]

HP Inc. (HPQ) 
Last hp inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: h30261.www3.hp.com
Company Research Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is HP due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. HP Q2 Earnings & Revenues Beat Estimates HP Inc. reported second-quarter fiscal 2024 non-GAAP earnings of 82 cents per share, which surpassed the consensus mark of 81 cents and came within management's previously guided range of 76-86 cents. Moreover, the bottom line improved 4% on a year-over-year basis, mainly driven by maximized operational efficiency and cost management. HPQ's net revenues of $12.8 billion also surpassed the Zacks Consensus Estimate of $12.5 billion. However, the top line declined 0.8% year over year. In constant currency (cc), revenues declined 1.2% in the second quarter. The better-than-expected top-line performance reflected benefits from the recovery in the co Show less Read more
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