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☆ Jensen Huang, who got an Nvidia tattoo when its share price hit $100, says he's not getting inked again
▼ + stars: | 2023-10-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Nvidia co-founder and CEO Jensen Huang had a wide-ranging interview with host Ryan Patel for HP's online show "The Moment." The CEO spoke about his sartorial choices, including his signature black leather jacket and Nvidia tattoo. However, he told the host he's unlikely to get inked again. AdvertisementAdvertisementNvidia CEO Jensen Huang got a tattoo of the company logo when its stock price hit $100 apiece — but he's probably not looking to get inked again. When asked how he felt about his status as a fashion icon thanks to his jacket, Huang had a modest response: "Don't give me that.

Persons: Jensen Huang, Ryan Patel, —, he's, you've, What's, Huang, Fortune Organizations: Nvidia, Service, YouTube

☆ Nvidia CEO Jensen Huang, known for his leather jacket, has his wife and daughter to thank for his signature style
▼ + stars: | 2023-10-30 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Nvidia CEO Jensen Huang credited his style to his wife and daughter in a recent interview. The interest in his signature style comes as the chip maker attempts to cash in on the AI hype. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementJensen Huang, the CEO of Nvidia, is rarely seen in public without his shiny black leather jacket — but he doesn't take credit for his signature style. AdvertisementAdvertisementThe CEO of the chip giant is married to Lori Huang, who he met when he was 16 in an electrical engineering class.

Persons: Jensen Huang, —, Ryan Patel, Patel, Huang, Lori Huang, Huang isn't, Nvidia didn't Organizations: Nvidia, Service, Wilson Jackets, Bloomberg, Google, Microsoft

☆ Warren Buffett's Berkshire Hathaway has now cashed in $540 million of HP stock in under a month
▼ + stars: | 2023-10-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway sold another $130 million of HP shares in three days. The investor's company has now cashed in about $540 million of the computing stock in under a month. AdvertisementAdvertisementWarren Buffett's Berkshire Hathaway jettisoned another $130 million worth of HP stock during the last three trading days, it revealed in a regulatory filing on Monday. Buffett's conglomerate owned nearly 121 million shares, or 12.3% of HP, before it began selling on September 11. Prior to last month, Buffett's company hadn't touched the holding since last April.

Persons: Warren, Berkshire Hathaway, —, hadn't, Bill Hewlett, David Packard, Buffett —, Buffett, haven't, Todd Combs, Ted Weschler Organizations: HP, Service, Vanguard, Berkshire, Hewlett, Packard, HP Inc, Apple, Bank of America, American Express Locations: Berkshire, Monday's, California, Bank

☆ Bank of America double upgrades this PC maker, cites strong fundamentals
▼ + stars: | 2023-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Growth in long-term fundamentals should outweigh short-term headwinds for HP , according to Bank of America. The bank double upgraded shares of the technology company to a buy from underperform rating Tuesday. The new forecast points to more than 28% upside potential from HP's Monday closing price of $25.67. The analyst cited tighter cost controls, growth from an improving PC outlook and increased operating profit dollars. "[Positive] drivers include an improving PC market backdrop, improved profitability from cost actions and stable to higher free cash flow over the next several years."

Persons: Wamsi Mohan, Mohan, — CNBC's Michael Bloom Organizations: HP, Bank of America Locations: China

Warren Buffett's Berkshire Hathaway carried on its selling streak for HP , dumping shares of the printer and PC maker for nine straight days and reducing its stake to 10.2%. The conglomerate sold more than 5.1 million shares for over $132 million on Thursday through Monday, according to a regulatory filing released Monday night. Over the nine straight days of selling, Berkshire has shed 14.5 million shares for almost $381 million. Adding in other days of sales in mid-September, Berkshire has dropped a total of 20.0 million shares for $539.5 million, an average selling price of $26.93. Berkshire still holds 100.9 million shares, valued at $2.6 billion at Monday's close of $25.67.

Persons: Warren, Berkshire Hathaway, hasn't, Buffett, That's Organizations: HP, Berkshire, Vanguard Locations: Berkshire, Omaha

[1/2] The BP logo is seen on gasoline pumps at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsLONDON, Sept 29 (Reuters) - BP's (BP.L) top executive in the United States, Dave Lawler, is leaving the company, the energy company said on Friday in a memo to employees, less than three weeks after the company's chief executive, Bernard Looney, resigned. He is the younger brother of Doug Lawler, chief executive of Continental Resources, another large U.S. shale oil and gas producer. BPX operations in Texas and Louisiana last year produced an average of 325,000 barrels of oil and gas per day. Alvarez, who joined the company in 1996, will continue in his role as senior vice president gas and power trading, Americas.

Persons: Andrew Kelly, Dave Lawler, Bernard Looney, Helge Lund, Lawler, Doug Lawler, Orlando Alvarez, Alvarez, Kyle Koontz, Ron Bousso, Juby Babu, Shilpi Majumdar, Daniel Wallis, Leslie Adler Organizations: REUTERS, BP, Energy, Continental Resources, Reuters, BP America, BPX Energy, Thomson Locations: Manhattan , New York City, U.S, United States, Gulf of Mexico, Texas, Louisiana, BP America, Americas, London, Bengaluru

☆ Beware HP shareholders, Warren Buffett may not just be doing some trimming
▼ + stars: | 2023-09-26 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The conglomerate sold 4.8 million HP shares for $129.2 million last week, it disclosed in a filing late Friday . It marks the second consecutive week that Berkshire has reduced its stake in the personal computer and printer maker. Still, Berkshire's remaining 110.7 million HP shares have a market value of almost $3 billion , making it HP's largest shareholder . HPQ YTD mountain HP In August, HP reported revenue in its fiscal third quarter that missed analysts' expectations. After Buffett's first sale was disclosed Sept. 13, some argued that Berkshire was "just doing a little trimming," of its HP stake, Bilson wrote.

Persons: Warren, Berkshire Hathaway, Buffett, Don Bilson, Gordon Haskett, Haskett, hasn't, HPQ, Buffett's, Bilson, we'd Organizations: HP Inc, Hewlett, Packard, HP, Berkshire Locations: Berkshire

☆ A survey of 15,000 workers around the world found that less than a third think they have a 'healthy' relationship with their job
▼ + stars: | 2023-09-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Only 27% of workers worldwide said they have a healthy relationship with work, a new study found. The HP Workplace Relationship Index surveyed over 15,000 people in 12 countries about their relationship with work. Only 27% of knowledge workers said they have a healthy relationship with work, with a low of 5% in Japan and a high of 50% in India. Some 28% of workers in the US said they have a healthy relationship with work. It estimated that low workplace engagement costs around $8.8 trillion in negative impacts to economic output.

Persons: HP's, doesn't, Gallup Organizations: HP, Service, Workers, Gallup Locations: Wall, Silicon, Canada, India, Japan

☆ Berkshire Hathaway trims its HP stake as the PC maker continues to underperform
▼ + stars: | 2023-09-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway sold a portion of its stake in HP as the printer and PC maker continues its underperformance this year, according to a new regulatory filing . Berkshire still owns over $3 billion in HP shares after the trimming. HPQ 1Y mountain HP Two weeks ago, HP reported revenue for fiscal third quarter that missed analysts' expectations. When the HP stake was initially revealed, Buffett watchers said it was a classic value bet rather than a specific bet on HP's future or products. Many Buffett followers were reminded of a similar bet in the past that didn't work out very well for Berkshire -- IBM.

Persons: Warren, Berkshire Hathaway, hasn't, HPQ, Buffett, Morgan Stanley Organizations: HP, Berkshire, IBM Locations: Omaha, Berkshire

☆ CEOs from Alphabet, Walmart, Pfizer meet White House officials on refugees
▼ + stars: | 2023-09-14 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsCompanies Accenture PLC FollowAirbnb Inc FollowAlphabet Inc Follow Show more companiesWASHINGTON, Sept 14 (Reuters) - Chief executives from a wide array of U.S. companies will meet White House Chief of Staff Jeff Zients on Thursday to discuss refugee resettlement and sponsorship programs, a White House official said. The CEOs will include Alphabet's Sundar Pichai, Walmart's Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores and others. They are part of a council of leaders affiliated with Welcome.US, a group dedicated to helping support refugees in the United States. They will meet Zients and other White House officials "to discuss specific ways we can continue to work together to support safe, orderly pathways for people in need of safety to come to the United States, including through refugee resettlement and new, expanded humanitarian sponsorship programs," a White House official told Reuters. The White House, which says it wants to partner with the private sector to build a humane immigration system, worked with Welcome.US to help Afghan refugees coming to the United States after Biden pulled U.S. troops out of Afghanistan in 2021.

Persons: Annegret, Jeff Zients, Alphabet's Sundar Pichai, Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores, Richard Dickson, Julie Sweet, David Risher, Hamdi Ulukaya, Mike Sievert, Goldman Sachs, Kathy Hochul, Zients, Biden, Donald Trump, Welcome.US, Jeff Mason, Christian Schmollinger Organizations: Google, Arena, REUTERS, Accenture, White, Welcome.US, Reuters, Lyft, Mobile, Blackstone, Comcast, Meta, Republicans, Democrat, Republican, Biden, Thomson Locations: Berlin, Germany, WASHINGTON, United States, Airbnb, New, New York City, United, Afghanistan

☆ Berkshire sells some HP shares after taking big stake last year
▼ + stars: | 2023-09-14 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Berkshire sold the shares this week for about $158 million, reducing its HP stake to about $3.27 billion, according to a filing with the U.S. Securities and Exchange Commission. Buffett's company now owns about 11.7% of HP's shares, down from 12.2% before the sales, SEC filings show. Wednesday's filing does not say why Berkshire sold shares. HP's share price has fallen 19% since Berkshire in April 2022 revealed an unexpected $4.2 billion stake in the Palo Alto, California-based company, which had been separated seven years earlier from the former Hewlett-Packard.

Persons: Warren Buffett, Scott Morgan, Warren Buffett's Berkshire Hathaway, Buffett, Jonathan Stempel, Lincoln Organizations: Berkshire Hathaway, REUTERS, HP, Berkshire, U.S . Securities, Exchange Commission, SEC, Hewlett, Packard, Companies, Forbes, Apple, Thomson Locations: Omaha , Nebraska, U.S, Palo Alto , California, China, Berkshire, New York

☆ Shares of HP fall 8% following revenue miss
▼ + stars: | 2023-08-30 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Shares of HP fell more than 8% on Wednesday morning after the printer and PC maker released fiscal third-quarter earnings that underwhelmed Wall Street. HP reported $13.2 billion in revenue, below the $13.37 billion expected by analysts, according to Refinitiv. However, the analysts wrote that the company's printing business may be more of a sticking point. The analysts wrote in a Wednesday note that they are lowering their fiscal fourth-quarter estimates and fiscal full-year estimates for the company. "Despite a tough demand environment, we continue to be impressed with HPQ's ability to generate solid operating margins for both segments," the analysts wrote Tuesday.

Persons: Bernstein Organizations: HP, Credit Suisse, Deutsche Bank Locations: China

☆ HP dials back profit expectations on PC market slump, China weakness
▼ + stars: | 2023-08-29 | by ( Zaheer Kachwala | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAug 29 (Reuters) - HP Inc (HPQ.N) tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China. Shares of the Palo Alto, California-based company fell 5.2% in after-market trading. HP now forecasts adjusted earnings per share to be in the range of $3.23 to $3.35 from earlier expectations of $3.30 to $3.50. However, a focus on controlling costs helped the PC maker report adjusted earnings per share of 86 cents, in line with analysts' estimates. The company remains on track to deliver 40% of its three-year cost savings target by the end of the fiscal year.

Persons: Brendan McDermid, Enrique Lores, Lores, Zaheer Kachwala, Krishna Chandra Organizations: Hewlett - Packard, New York Stock Exchange, REUTERS, HP Inc, Palo, HP, Thomson Locations: New York, U.S, China, Palo Alto , California, Bengaluru

☆ The ADHD drug market is already stretched thin. Now it's facing a back-to-school supply strain
▼ + stars: | 2023-08-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +8 min

Ten milligram tablets of the hyperactivity drug, Adderall, made by Shire Plc. Adderall and alternative ADHD medications apart from other drugs are Schedule 2 controlled substances. Production limitationsEnding the shortages of Adderall and other ADHD medications is no easy task. That means increasing the production of one drug could potentially require reducing production — and potentially impacting supply — of another drug, according to Ergun. That includes Aytu BioPharma, which makes an ADHD drug that used to be in shortage.

Persons: Jb Reed, It's, Erin Fox, they've, David Margraf, Margraf, drugmakers, Ozlem Ergun, Ergun, Novartis's, Michael Ganio, ASHP's Ganio, RJ Sangosti, Josh Disbrow, Fox Organizations: Shire Plc, Jb, Bloomberg, Getty, and Drug Administration, CNBC, University of Utah, American Society of Health, System Pharmacists, Centers for Disease Control, University of Minnesota's, Infectious Disease, Northeastern University, Teva Pharmaceuticals, Amneal Pharmaceuticals, Sandoz, Purdue Pharma, Rhodes Pharmaceuticals, Drug, Fox, Pharmacists, Drug Enforcement Administration, MediaNews, Denver, FDA, DEA Locations: U.S, Commerce City , Colorado

"In the near term, while the outlook for the developed world is uncertain, we expect China and India to remain relative sources of stability for commodity demand," BHP said. "We anticipate that these competing forces may have a variable impact on commodity prices in the period." But perhaps more concerning is that China and India, the two major sources of commodity demand in Asia, are at best stable in their demand outlooks, and even then BHP qualified this with the word "relative." When it comes to China, BHP acknowledged the current struggles Beijing is having in re-igniting growth in the world's second-biggest economy and top commodity importer. BHP is more confident about India, stating that an investment upswing is happening in the world's most populated country, and commodity demand has been "robust."

Persons: BHP, Clyde Russell, Stephen Coates Organizations: BHP Group, BHP, Reuters, Thomson Locations: LAUNCESTON, Australia, China, India, Asia, Beijing, CHINA

"The main issue with methanol at this stage is increasing access and the scale of green production," Peter Lye, global head of shipping at Anglo American, said. Reuters GraphicsNetherlands-based OCI, which supplied green methanol to Maersk's first ship, can produce up to 200,000 tpy of the renewable fuel. Bashir Lebada, CEO of OCI's methanol and fuels business, said the vessel orders have given suppliers a confidence boost in advancing their green methanol projects even though production is "very small" now. Most green methanol projects are located in China, northern Europe and North America - far from major bunker hubs Singapore and the United Arab Emirates, creating a logistical gap. Within Asia, South Korea and China are set to increase their capacity to fuel ships with green methanol.

Persons: A.P . Moller, Moller, Emma Mazhari, Rashpal Singh Bhatti, we're, Peter Lye, Greg Dolan, Bashir Lebada, Anita Gajadhar, Jeslyn Lerh, Jacob Gronholt, Johannes Birkebaek, Florence Tan, Barbara Lewis Organizations: Reuters, Maersk, Handout, REUTERS, Container, A.P, CMA, Apple, Nike, Adidas, Walmart, Global, Reuters Graphics, United Arab, Pedersen, Thomson Locations: SINGAPORE, COPENHAGEN, South Korea, Reuters Graphics Netherlands, China, Europe, North America, Singapore, United Arab Emirates, Chile, Argentina, Asia, Copenhagen

☆ BHP posts record full-year iron ore output, flags rising costs
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: +1 min

BHP Group's logo adorning the side of its global headquarters in Melbourne on February 21, 2023. BHP Group on Thursday reported its highest ever annual iron ore production, helped by the continued ramp up at its South Flank operations in Western Australia but flagged it faces rising costs. BHP's iron ore production in Western Australia was aided by improved rail performance at the mines, but production was partially hit by unfavorable impacts from tropical Cyclone Ilsa in the quarter. It said iron ore production from Western Australia, on a 100% basis, was 72.7 million tonnes (Mt) in the three months to June 30, a touch lower than Visible Alpha estimates of 73 Mt, according to UBS. The company expects fiscal 2024 output for Western Australia iron ore between 282 million and 294 million metric tons, the mid-point of which is 0.9% higher than annual production of 285.3 million metric tons for fiscal 2023.

Organizations: BHP, BHP Group, UBS, Western Locations: Melbourne, Western Australia

We're seeing discounts of 20% or more, and we've sorted through the selection to find the best Prime Day monitor deals. And check out all the best Prime Day PC gaming deals for even more chances to save on computer gear. Top 3 monitor dealsBest Prime Day monitor deals LG's UltraFine 4K monitor is being discounted right now for Prime Day. $164.00 from Amazon Originally $209.00 Save 22%Best Prime Day gaming monitor dealsSamsung's Odyssey has an ultra-wide screen that makes it great for gaming. For more details on how to find a great monitor, check out our guides to the best computer monitor and best gaming monitor.

Persons: We've, it's, Price LG, it'll, Price, Price Dell Organizations: Samsung, LG, Dell, Asus, Amazon, Prime, SAMSUNG, Deal LG, Netflix, YouTube, AMD, Price Samsung, Monitor Samsung, Computer Locations: it's

Amazon Prime Day is here, and we're rounding up all the best Prime Day deals, including discounts on monitors for gaming and home offices. Popular brands like Samsung, LG, and Dell have discounted monitors by 20% or more, and we've sorted through the selection to find the best Prime Day monitor deals. Top 3 monitor dealsBest Prime Day monitor deals LG's UltraFine 4K monitor is being discounted right now for Prime Day. For more details on how to find a great monitor, check out our guides to the best computer monitor and best gaming monitor. You can also check out our best gaming PC and best gaming laptop guides for more computer hardware recommendations.

Persons: We've, it's, Price Organizations: Amazon, Samsung, LG, Dell, Asus, Prime, SAMSUNG, Deal LG, Netflix, YouTube, ASUS, Monitor Samsung, Computer

MediaNews Group | The Riverside Press-Enterprise via Getty ImagesOf the many acts that can get an Amazon merchant kicked off the site, few are as devastating as selling stolen goods. But suspended sellers, who spent years building their businesses on Amazon, told CNBC they had no idea they were selling stolen products. In an email to CNBC, Amazon said it's working with authorities and doesn't comment "on matters that are the subject of active law enforcement investigations." Tracing the stolen goods supply chainIn tracing the supply chain for suspended sellers, some patterns started to emerge. "Chances are stolen goods or similar ASINs/serial numbers are being bled in to every supply line," the employee wrote.

Persons: Levoit humidifiers, Frank —, Frank, Kenzo Sobrie, Dyson, blenders, they'd, Joe Quinlivan, Sellers, they've, Chris McCabe, Ricky Sala, what's, Sala, he'd, Tien Ngo, Ngo, Stride, Daniel Acker, ASINs, Armen Babayan, illicitly, Babayan, KZ, Juniper, couldn't, Cameron Webb, Kevin Cole, didn't, He's, Sobrie Organizations: MediaNews, Riverside Press, Enterprise, Getty, Amazon, CNBC, Retailers, LG, KZ International, California, Patrol, KZ, CHP, Amazon.com Inc, Amazon Robotics, Bloomberg, Oregon Prep Center, Facebook, FBI, Washington State Office, Ngo Wholesale Distributors, Ngo, Co, Wholesale, Los, Juniper Holdings, Telegram Locations: Eastvale , California, KZ's, Huntington Beach , California, Westborough , Massachusetts, Los Angeles, Miami, The Miami, New York, Washington, Santa Fe Springs, Los Angeles County, Garden Grove, Orange County, California, Huntington Beach, California , Florida, New Jersey

☆ Australia's critical minerals industry needs quicker permits, not subsidies, BHP says
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: +1 min

BHP Group's logo adorning the side of its global headquarters in Melbourne on February 21, 2023. Australia's critical minerals strategy does not need the sugar hit of more subsidies as good projects will find investment, but the country needs to hasten mine development timeframes and rework new workplace legislation, BHP's CEO said on Tuesday. BHP CEO Mike Henry's comments came a week after Australia, one of the world's biggest suppliers of raw minerals, outlined a strategy on how it will work with investors and international partners to build a critical minerals processing industry. Australia needs to do that." The government needs to address the overlap between state and national regulation as well as speed up permitting, he said.

Persons: Mike Henry's, Henry Organizations: BHP Locations: Melbourne, Australia, Brisbane, U.S

What BHP is touting is a process it calls credible and cost-effective, and it's these aims that are worth examining. BHP is the world's biggest miner of coking coal, used to make steel, and ranks third in iron ore, the main steel raw material. Diesel accounts for 76% of the emissions at the iron ore operations in Western Australia state, and 45% at the BHP Mitsubishi Alliance coking coal mines in the northeastern state of Queensland. BHP plans to switch its diesel trucks to battery-powered vehicles, but this will take some time and also involves more than just buying new equipment. The overall message from BHP is that it is advancing plans to reduce its Scope 1 and 2 emissions.

Persons: Clarence Fernandez Organizations: BHP Group, BHP, BHP Mitsubishi, Reuters, Thomson Locations: LAUNCESTON, Australia, Western Australia, Queensland

His case on Thursday was adjourned to Nov. 30 and the trial is set to hang over the opposition as it tries to regroup and rally disheartened voters ahead of local elections in March. At the same time, calls have grown louder for the opposition's defeated presidential candidate Kemal Kilicdaroglu to resign as chairman of Imamoglu's Republican People's Party (CHP). Tanju Tosun, political science professor at Ege University, said the CHP's internal politics could overshadow its preparations for next year's local elections. "If the internal rifts within the CHP continues until local elections, candidates from the ruling AK Party (AKP) could defeat opposition candidates in many cities," he said. "YSP may field candidates (in Istanbul and Ankara)," Meral Danis Bestas, a senior YSP official, said.

Persons: Imamoglu, Tayyip Erdogan, Istanbul Mayor Ekrem Imamoglu, Erdogan, Kemal Kilicdaroglu, Kilicdaroglu, Tanju Tosun, Kemal Polat, Polat, We've, Ali Kucukgocmen, Huseyin Hayatsever, Daren Butler, Angus MacSwan Organizations: Istanbul Mayor, opposition's, Republican People's Party, Ege University, CHP, AK Party, Council of State, IYI Party, IYI, Left, Thomson Locations: Istanbul, ISTANBUL, Beylikduzu, Balikesir, Denizli, Kurdish, Ankara

☆ Stocks making the biggest moves midday: Intel, C3.ai, Advance Auto Parts, HP and more
▼ + stars: | 2023-05-31 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Ambarella — The chip stock fell 11.76%. Hewlett Packard Enterprise – Shares of the tech company slid 7.09% a day after the company posted a mixed quarterly report. HP – The stock fell 6.05%. Its adjusted earnings per share of 80 cents topped the 76 cents per share expected. Twilio – The tech stock rallied 11.09%.

Persons: David Zinsner, Ambarella, KeyBanc, Carvana, Twilio, KeyCorp, CNBC's Hakyung Kim, Jesse Pound, Brian Evans, Tanaya Macheel, Fred Imbert Organizations: Intel, Avis Budget, Deutsche Bank, Nvidia —, Nvidia, Hewlett Packard Enterprise, HP, Refinitiv, Micron Technology, Goldman Sachs Global Semiconductor Conference, Micron, Partners, Zions Bancorp, Citizens Financial Group, Truist Locations: China, –

☆ HP misses revenue estimates as inflation saps PC demand
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

Global PC shipments declined nearly 30% in the January-March period to levels lower than before the pandemic, according to data from research firm IDC. Sales for HP's Personal Systems segment - home to its desktop and notebook PCs - dropped 29% in the reported quarter, while the company's printing segment recorded a 5% fall. HP said it expects second-half revenue to be higher than the first half, even though the year-on-year comparison will still be negative. California-based HP's second-quarter revenue was $12.91 billion. On an adjusted basis, HP earned 80 cents per share, compared with expectations of 76 cents.

Persons: Enrique Lores, Tiyashi Datta, Jeffery Dastin, Devika Organizations: HP Inc, Companies, HP, Lenovo, HK, Dell Technologies Inc, Global, IDC, Reuters, Thomson Locations: California, Bengaluru, Palo Alto

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