Why HP Stock Sagged by 11% This Week
The combination of an earnings miss and disappointing guidance put the hurt on veteran tech stock (NYSE: HPQ) this week. Over the past five trading days the company's share price withered by 11%, according to data compiled by S&P Global Market Intelligence.
Just after market close on Wednesday, HP published figures from its fiscal second quarter of 2025, revealing that its net revenue was $13.2 billion. That was 3% higher than in the same period of fiscal 2024. The dynamic was markedly different on the bottom line, as non-GAAP (adjusted) net income sank to $678 million ($0.71 per share) from the year-ago profit of $812 million.
Image source: Getty Images.
Source Fool.com
HP Inc. Stock
€25.00
-0.710%
Currently there is a rather negative sentiment for HP Inc. with 3 Buy predictions and 15 Sell predictions..
This results in a negative potential of -40.0% based on a current price of 25.0 € and a target price of 15 € for the stock.
