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HP sinks 15% as company misses on earnings, guidance due to 'added cost' from tariffs
HPQHP(HPQ) CNBC·2025-05-29 04:17

HP reported second-quarter results that beat analysts' estimates for revenue but missed on earnings and guidance, in part due to President Donald Trump's sweeping tariffs. Shares sank 15% after the report.Here's how the company did versus analysts' estimates compiled by LSEG:Earnings per share: 71 cents, adjusted vs. 80 cents expected.Revenue: 13.22billionvs.13.22 billion vs. 13.14 billion expected.Revenue for the quarter increased 3.3% from 12.8billioninthesameperiodlastyear.HPreportednetincomeof12.8 billion in the same period last year. HP reported net income of 406 mill ...