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Hp Inc Forecasts Adjusted Profit Largely Below Estimates

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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A trader passes by the post where Hewlett Packard Enterprise Co., is traded on the floor of the New York Stock Exchange(Reuters) - HP Inc , the legacy printer and PC business of the former Hewlett-Packard Co, forecast a current-quarter adjusted profit largely below analysts' estimates amid waning demand for its printers. The company's shares were down nearly 2.2 percent after the bell. HP Inc said it expects an adjusted profit 35-38 cents per share for the first quarter. Analysts on average were expecting 38 cents per share, according to Thomson Reuters I/B/E/S. Revenue from the company's printer business fell nearly 8.2 percent in the fourth quarter, from a year earlier. ...




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