Overview

• HP Inc. posted lower than expected revenue in its fiscal third quarter due to weak PC pricing and soft printer demand.
• The company lowered its profit outlook for the 2023 fiscal year as business fundamentals are improving more slowly than anticipated.
• HP Enterprise beat earnings estimates but forecasted fourth-quarter revenue below expectations due to enterprise spending pullback.
• HP Inc. stock declined after earnings while HP Enterprise shares initially fell but recovered due to strong networking segment performance.
• HP continues to invest in AI offerings to support advanced services and compete with AI-focused rivals.