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HP stock falls on Q2 revenue miss, declining PC sales

Yahoo Finance

Shares of HP Inc. drop after the computer brand announces a mixed earnings report as the company feels the impact of declining PC sales.

Video Transcript

- Let's take a look at shares of Hewlett Packard Enterprise. That stock is falling in premarket trading after the company reported its second-quarter earnings. That came after the bell, Tuesday.

Revenue missed the Street's expectations, the company reporting $6.97 billion in revenue. That's compared to the estimates of $7.29 billion. HPE also reduced its annual sales guidance for the rest of the year as a result of consumers spending less on servers, computers, and printing products.

We'll dive deeper into the company's latest financial results with HPE CFO Tarek Robbiati today at 9:45 AM Eastern Time. You don't want to miss that.