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Markets · Investing · Business
Finance
Why HP Stock Is Sinking Today
HP just delivered a beat-and-raise quarter, but investors aren't happy with some elements of the business update.
HP(NYSE: HPQ) stock is moving lower in Thursday's trading following the release of the company's latest quarterly results. The company's share price had fallen 6.2% as of 11 a.m. ET even though the S&P 500 was up 0.6% and the Nasdaq Composite was up 1.2%. The stock had been off as much as 12.4% earlier in the session.
After the market closed yesterday, HP published results for the third quarter of its 2026 fiscal year -- which ended July 31. The company posted sales and earnings for the period that came in substantially better than the average analyst targets, but margin concerns are weighing on the tech hardware player's valuation.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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