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HP Missed Q1's Sales Estimate: Here's Why I Don't Care

TheMotleyFool

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HP Missed Q1's Sales Estimate: Here's Why I Don't Care: https://g.foolcdn.com/editorial/images/723033/person-shrugging-questioning-unsure-asking-mystery-confused.jpg

Last quarter wasn't the one HP (NYSE: HPQ) shareholders were hoping for. Revenue of $13.8 billion fell short of the $14.1 billion analysts were hoping for. And, while earnings of $0.75 per share topped expectations of $0.74 for its first quarter of fiscal 2023, that's still well below the year-ago comparison of $1.10 per share.

The company's guidance for the current quarter and current year isn't exactly thrilling, either. The stock is down since releasing these numbers following Tuesday's close, outpacing marketwide weakness.

Blame its slowing personal computer business, mostly. Everyone else is.

Source Fool.com

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