HP CFO Says We Continue To Expect Input Costs To Rise, Putting Near Term Pressure On Our Operating Margins, Particularly In Personal Systems; We Are Factoring Input Costs Pressures Into Our Q4 Outlook Along With The Traction We Are Making On Our Cost Mitigation Plan; Given The Impact Of Commodity Driven Price Increases, We Expect Below Seasonal Revenue Performance In Q4
-Conference Call
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Why It Matters
HP says the stuff it needs to make computers will cost more money soon, which means they'll make less profit for a while. When you watch HP's stock, remember that companies can struggle when their costs go up, but also watch if their cost-saving plans actually work.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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