HP forecasts Q1 profit below estimates on sluggish demand in PC market

HP's Q1 profit forecast fell short of Wall Street expectations due to weak PC demand, sending shares down 8.4%. The global PC market continues to decline, and while AI-powered PCs show promise in some sectors, mass market adoption remains slow. HP's Q4 revenue slightly beat estimates, but the company is implementing cost-cutting measures to address margin pressures.
Read The Rest at :