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HP Inc. Shares Plummet 8% Amid Tariff Pressures and Earnings Miss
HP Inc. Shares Plummet 8% Amid Tariff Pressures and Earnings Miss
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HP Inc. (NYSE: HPQ) shares tumbled 8% to $25.03 after reporting weaker-than-expected Q2 fiscal 2025 results, dragged down by tariff-related costs and softening demand in key markets. Non-GAAP earnings per share of $0.71 fell 13% year-over-year, missing estimates by 11.3%, while revenue edged up 2.4% to $13.2 billion—still 1.7% below projections.
The Personal Systems segment proved a rare bright spot, with 8% constant-currency growth fueled by commercial PC sales and AI-enabled devices. Print revenue declined 3%, however, as North American and Chinese demand weakened. Management tempered full-year guidance, citing macroeconomic volatility and trade policy uncertainties.
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