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Hp Inc Beats Estimates, Weak Printer Demand Weighs On Forecast

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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The Hewlett-Packard (HP) logo is seen as part of a display at the Microsoft Ignite technology conference in ChicagoBy Aishwarya Venugopal (Reuters) - HP Inc , the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks. However, HP forecast current-quarter profit below analysts' estimates, reflecting weak sales of its printers as companies cut costs across industries. HP's shares fell nearly 6 percent in extended trading on Wednesday. Third-quarter revenue from the company's computer business rose 7.5 percent from the second quarter as sales of notebooks improved. ...




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