HP Inc. (HPQ) Drops Again On Friday
HP Inc. (NYSE:HPQ) dropped for a fourth straight day on Friday, losing 6.82 percent to finish at $30.87 each as investors soured on disappointing earnings performance for the first quarter of fiscal year 2025. The company's net income declined by 9 percent to $565 million, while revenues inched up by 2 percent to $13.5 billion from the same period a year earlier. Despite the bleak outlook, HP Inc. (NYSE:HPQ) remains focused on investing for the future and has adjusted its Future Ready savings target to $1.9 billion.
- The disappointing earnings performance of HP Inc. (NYSE:HPQ) highlights the challenges faced by technology companies in maintaining steady revenue growth amidst an increasingly competitive landscape.
- How will the ongoing struggles of established PC manufacturers like HP Inc. impact their ability to adapt and innovate in the face of emerging technologies such as cloud computing and artificial intelligence?