HP Stock Plunges 15% as Tariffs Squeeze Q2 Earnings; Company Shifts Production to Mitigate Costs

HP sinks 15% as company misses on earnings, guidance due to 'added cost' from tariffs

Sopa Images | Lightrocket | Getty ImagesHP reported second-quarter results that beat analysts' estimates for revenue but missed on earnings and guidance, in part due to President Donald Trump's sweeping tariffs. Shares sank 15% after the report.Here's how the company did versus analysts' estimates compiled by LSEG:Earnings per share: 71 cents adjusted vs. 80 cents expectedRevenue: $13.22 billion vs. $13.14 billion expected.Revenue for the quarter increased 3.3% from $12.8 billion in the same per...