Why HP Inc. (HPQ) Went Down On Thursday

We recently published a list of Traders Ditched These 10 Stocks. Here’s Why. In this article, we are going to take a look at where HP Inc. (NYSE:HPQ) stands against other worst-performing stocks.

HP Inc. dropped its share prices by 8.27 percent on Thursday to end at $24.95 each as investors soured on its dismal earnings performance in the second quarter of fiscal year 2025.

In a statement, HP Inc. (NYSE:HPQ) said net income dropped by 33 percent to $400 million from the $600 million reported in the same period last year, but revenues were higher by 3.3 percent to $13.2 billion from $12.8 billion year-on-year.

In light of the ongoing macroeconomic uncertainties, HP Inc. (NYSE:HPQ) adjusted its outlook to reflect moderated demand and the net impact of trade-related costs.

A laptop, showing off the companys sleek notebook computers and workstations.

“We are executing targeted mitigation strategies, and assuming current conditions remain, we expect to fully offset these costs by [the fourth quarter],” said HP Inc. (NYSE:HPQ) Chief Finance Officer Karen Parkhill.

For the third quarter of the fiscal year, the company expects diluted earnings per share to be in the range of $0.57 to $0.69, with the full fiscal year to settle between $2.32 and $2.62.

Overall, HPQ ranks 5th on our list of worst-performing stocks. While we acknowledge the potential of HPQ, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HPQ and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.