Key Points
Nov 21 (Reuters) - HP Inc (HPQ.N) on Tuesday forecast first-quarter profit below Wall Street estimates but maintained its annual earnings outlook, a sign that demand in the personal computers market is still recovering.. have seen demand ease from peaks hit during the pandemic, when work-from-home trends drove up sales of laptops and other electronic devices...
Recent earnings at major PC chipmakers, including Intel (INTC.O) and Advanced Micro Devices (AMD.O), have also signaled that more than a two-year long slump in the market could be nearing an end as demand picks up ahead of the holiday season and an expected Windows update next year from Microsoft (MSFT.O)...
Its revenue for the fourth quarter stood at $13.82 billion, slightly lower than LSEG estimates of $13.85 billion.. "Continue to see weak demand in China both across consumer and commercial and at this point we don't expect that to change," Lores said.. Sales for HP's personal systems segment home to its desktop and notebook PCs fell 8% from a year ago, while its printing segment posted a 3% fall...
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