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Mikako Kitagawa - 1 LSEG - 1 Karen Parkhill - 1
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Palo Alto , California
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Hewlett - 1 Packard - 1 HP - 1 Gartner - 1 IDC - 1

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3 mentions found


☆ HP forecasts Q1 profit below estimates on sluggish demand in PC market
  + stars: | 2024-11-26 | by ( ) www.cnbc.com   time to read: +2 min
HP forecast its first-quarter profit below Wall Street expectations on Tuesday, in a sign of persistent choppiness in demand in the personal computers market. PC makers have seen demand retreat from its peak during the pandemic, when customers stocked up on tech products. AI PCs have not boosted the overall PC demand as "buyers have yet to see their clear benefits", Gartner analyst Mikako Kitagawa said. The PC maker's adjusted profit 93 cents per share met expectations. For the fiscal 2025, the company forecast its adjusted profit to be between $3.45 and $3.75 per share, the midpoint of which is in line with analysts' estimate.
Persons: Mikako Kitagawa, LSEG, Karen Parkhill Organizations: Hewlett, Packard, HP, Gartner, IDC Locations: Palo Alto , California
☆ Medtronic expects inflation to weigh on earnings next fiscal
  + stars: | 2023-02-21 | by ( Mariam Esunny Leroy Leo | Mariam Esunny | Leroy Leo | ) www.reuters.com   time to read: +2 min
Feb 21 (Reuters) - Medtronic Plc (MDT.N) said on Tuesday it expects inflation in various markets to hit its profit in the next fiscal year after the medical device maker beat earnings estimate for the third quarter on strong demand for its heart and diabetes devices. While inflation in many countries has eased in recent months, the management expects a delayed improvement in its earnings as its costs remain high. "VBP has affected us more than many of our competitors, given the size and breadth of our business in China. Stifel analyst Rick Wise expects Medtronic to get past pricing pressure in China in "the not too distant future". Reporting by Leroy Leo and Mariam E Sunny in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
☆ Medtronic slumps as annual outlook hurt by forex, slow recovery
  + stars: | 2022-11-22 | by ( Khushi Mandowara Bhanvi Satija | Khushi Mandowara | Bhanvi Satija | ) www.reuters.com   time to read: +2 min
Nov 22 (Reuters) - Medtronic Plc (MDT.N) on Tuesday lowered its full-year outlook for profit and revenue growth, blaming a stronger dollar and a slower-than-anticipated recovery in supply chain disruptions, sending the medical device maker's shares down nearly 6%. Medtronic cut its revenue growth expectations for fiscal 2023 to 3.5% to 4%, from 4% to 5%. The company said cost-cutting measures will likely offset lower revenue and inflationary pressures in the second half of the year. A slower-than-anticipated recovery in supply chain disruptions impacted Medtronic's medical surgical business the most, with the unit's revenue falling 10% to $2.07 billion. Reporting by Khushi Mandowara and Bhanvi Satija in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
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