HP slides on weak PC shipments despite fiscal Q3 earnings beat
-2.92% to $29.63 from $30.52
What moved HPQ
- Adjusted EPS of $0.83 topped the $0.69 consensus estimate; HP raised its fiscal 2026 adjusted EPS outlook to $3.19-$3.29, aided by tariff refunds.
- Shares fell as investors focused on weak PC shipment trends and margin pressure from higher memory and commodity costs.
- Bank of America analyst Wamsi Mohan reaffirmed his Sell rating on the stock despite the earnings beat.
Sources: The Motley Fool · StockStory