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HP Posts Mixed Results as Weak PC Sales Take a Toll

Por: MarketWatch Business February 28, 2023

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For the fiscal first quarter ended Jan. 31, HP (ticker: HPQ) reported revenue of $13.8 billion, down about 19% from the year-ago quarter, shy of the Street consensus forecast of $14.1 billion. HP CEO Enrique Lores said in an interview with Barron’s that the macro environment “remains challenging.” However, the company is doing well in areas it can control, like costs, pricing, and product mix, and integration of HP’s acquisition of the... + full article



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