HP (HPQ) announces FY outlook: Adj. EPS 2.90-3.20 (exp. 3.06); reaffirms first quarter and fiscal 2026 outlook; Enrique Lores steps down as President and CEO; appoints Bruce Broussard as interim CEO
Newsquawk Staff ·
HP (HPQ) announces FY outlook: Adj. EPS 2.90-3.20 (exp. 3.06); reaffirms first quarter and fiscal 2026 outlook; Enrique Lores steps down as President and CEO; appoints Bruce Broussard as interim CEO.
What it means
HP's adjusted EPS outlook for FY falls within expectations but indicates a cautious approach as the CEO steps down. The reaffirmation of the first-quarter outlook adds some stability, but the leadership change may introduce uncertainty regarding future strategy and execution, impacting investor sentiment in the technology sector.
Sources
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