HP Stock Is Falling Wednesday: What's Going On?
HP Inc. (NYSE:HPQ) shares are trading lower Wednesday after the company reported its fourth-quarter financial results and issued guidance for the upcoming quarter that fell short of analyst expectations. Here’s what you need to know.
What To Know: HP posted adjusted earnings per share of 93 cents for the quarter, which matched the consensus estimate. Revenue came in at $14.05 billion, surpassing the $13.99 billion estimate. The company’s top-line results were up from $13.82 billion reported in the same period last year, according to Benzinga Pro.
HP noted that net cash provided by operating activities in the quarter was $1.6 billion. The company also generated $1.5 billion in free …
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