By Connor Hart

HP Inc. said it would lay off up to 2,000 more employees as part of a continuing cost-cutting plan, bringing the total number of job cuts under the restructuring to as many as 9,000. Details of the layoff came shortly after HP reported higher revenue in its fiscal first quarter, boosted by what Chief Executive Enrique Lores said was strong demand for its new technologies, which is sparking an upgrade cycle for personal computers. Shares fall 3.6%, to $31.95, in after-hours trading.

Acadia Healthcare's 2025 outlook missed estimates, and the company logged lower-than-expected profit and revenue in the fourth quarter. The behavioral-healthcare provider forecast adjusted per-share earnings of $2.50 to $2.80 in 2025, missing the $3.35 that analysts surveyed by FactSet expected. In the fourth quarter, adjusted per-share earnings of 64 cents missed the 71 cents analysts expected. Revenue rose to $774.2 million from $742.8 million, below the $779 million that analysts forecasted. Shares drop 12%, to $35.35, in post-market trading.

CubeSmart logged a decline profit and revenue in the fourth quarter, and issued lower-than-expected outlooks for the current year. The company--which owns and manages self-storage facilities across the U.S.--posted a profit of $101.9 million on revenue of $231.4 million, compared with a profit of $112.7 million on revenue of $235.2 million a year earlier. "Our expectation is that self-storage fundamentals in 2025 will be consistent with the last two years as there is no obvious catalyst for a sharp acceleration," Chief Executive Christopher Marr said. Shares slide 3.6%, to $41.01, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

February 27, 2025 18:47 ET (23:47 GMT)

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