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Hp Inc Plunges After Printer Business Underwhelms


Ron Burgundy
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A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo AltoShares of HP Inc, which houses former Hewlett-Packard Co's legacy hardware business, plunged 16.3 percent on Wednesday after the company's lackluster results fueled concerns about its ability to weather a slowdown in the printer and PC markets. HP Inc's revenue from both its printer and PC businesses fell 14 percent each in the fourth quarter, their worst performance in the year ended Oct. 31, and forecast current-quarter profit below market expectations. HP Inc Chief Executive Dion Weisler called the printing business a "much greater challenge" than the PC business.




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