HP Stock Tumbles As Q2 Earnings Fall Short Of Estimates, Guidance Comes In Soft Due To Higher Costs Related To Tariffs

Benzinga

HP Inc. reported second-quarter revenue of $13.22 billion, slightly beating estimates of $13.15 billion, according to Benzinga. It missed on adjusted earnings, posting 71 cents per share versus expectations of 80 cents. CEO Enrique Lores cited strong commercial performance and progress on the company's future of work strategy, though results were affected by regulatory challenges. HP lowered its full-year adjusted EPS forecast to a range of $3 to $3.30, down from $3.45 to $3.75, attributing the change to added costs from U.S. tariffs. The company also guided Q3 adjusted EPS between 68 and 80 cents, below the expected 90 cents. Shares dropped 12.54% after hours.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02HP reported second quarter revenue of $13.22 billion,

00:06slightly beating estimates of $13.15 billion, according to Benzinga.

00:10It missed out adjusted earnings, posting $0.71 per share versus expectations of $0.80.

00:14CEO Enrique Lórez cited strong commercial performance

00:18and progress on the company's future of work strategy,

00:20though results were affected by regulatory challenges.

00:23HP lowered its full-year adjusted EPS forecast

00:26to a range of $3 to $3.30, down from $3.45 to $3.75,

00:32attributing the change to added cost from U.S. tariffs.

00:35The company also guided Q3 adjusted EPS between $0.68 and $0.80,

00:39below the expected $0.90.

00:41Shares dropped 12.54% after hours.

00:44For all things money, visit Benzinga.com slash GSTV.

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