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. 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. 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. 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.
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This article is originally published at Insider Monkey.
