HP, Dell's weak forecasts spark share selloff, doubts over PC market recovery
(Reuters) -Shares of Dell and HP fell on Wednesday after the personal computer makers issued forecasts that cast doubt on a market recovery driven by artificial intelligence-enabled PCs. Dell tumbled 11%,
HP’s stock sinks on lower guidance, despite optimism in the PC market
Profitability took a hit as well, as HP reported net earnings of $906 million for the quarter, down from $974 million one year earlier. The company also reported total revenue in fiscal 2024 of $53.6 billion, which was more or less flat compared to the prior year.
Dell, HP Stocks Tumble After PC Makers Give Downbeat Guidance
Shares of Dell and HP slid in morning trading after both personal-computer makers issued downbeat outlooks. Executives said consumers were proving slow to upgrade PCs, but cited artificial-inte
HP forecasts Q1 profit below estimates on sluggish demand in PC market
HP forecast its first-quarter profit below Wall Street expectations on Tuesday, signaling persistent choppy demand in the personal computers market and sending the company's shares down 8% in extended trading.
Dell's third-quarter revenue misses on PC weakness
Despite booming demand for Dell's AI-optimized servers used to handle large AI workloads, its traditional PC segment has been facing stiff competition from rivals such as HP and weaker consumer spending amid an uncertain economy.
Dell, HP post disappointing quarterly sales as global PC market recovery stalls
While signs of a global PC market rebound began to materialise this year, shipments again dipped in the third quarter, according to IDC.
Dell forecasts downbeat fourth-quarter revenue on PC weakness
Dell forecast fourth-quarter revenue below Wall Street expectations on Tuesday, weighed down by weaker demand for its traditional PCs and competition from rival server makers, sending its shares down more than 10% in extended trading.
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