Shares of HP Inc. (HPQ) plummeted 6.43% in after-hours trading on Thursday following the company's fiscal Q1 2025 earnings report. While HP posted revenue of $13.5 billion that beat Wall Street estimates, its guidance for the current quarter and full year fell short of expectations.
For the first quarter ended January 31, 2025, HP reported earnings per share of $0.74, in line with analyst forecasts. Revenue grew 2.4% year-over-year, with growth in both its Personal Systems and Printing segments. However, profit margins contracted, and the company incurred higher restructuring charges.
Looking ahead, HP expects Q2 2025 earnings of $0.75 to $0.85 per share, below the consensus estimate of $0.86. For fiscal 2025, HP guided for EPS of $3.45 to $3.75, compared to analyst expectations of $3.57. The company cited higher costs driven by U.S. tariff increases on imports from China as a factor impacting its outlook.
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