HP Q1 profit forecast falls short amid PC slump
Whitman looking for ways to return to growth as corporations cool down on traditional technology gear and shift to cloud-based services and mobile devices
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
San Francisco
HP Inc has forecast first-quarter profit that may miss analysts' estimates as personal-computer and printer sales slump, highlighting the challenges facing the standalone business after splitting up with its corporate technology and services arm.
Profit before certain costs in the fiscal first quarter, which ends next January, will be 33-38 US cents a share, HP Inc said on Tuesday in a statement. That fell short of the average analyst estimate for 42 US cents. Hewlett Packard Enterprise Co (HPE) - the newly formed company that provides servers, services and storage to corporate customers - said profit will be 37-41 US cents a share, compared with an average projection for 44 US cents.
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
