HP (HPQ) Gives Lackluster Profit Outlook on Slow PC Market Recovery
HP Inc. gave an outlook for profit in the current quarter that fell short of estimates, suggesting a setback in the personal computer market’s recovery from a yearslong slump.Earnings, excluding some items, will be 70 cents to 76 cents a share in the fiscal first quarter, the company said Tuesday in a statementBloomberg Terminal. Analysts, on average, projected 86 cents in the period ending in January, according to data compiled by Bloomberg. For the fiscal year, profit will be $3.45 to $3.75 a ...
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