HP Forecasts Strong Q4 Profit
HP forecast current quarter profit above Wall Street estimates driven by price increases and estimated tariff refunds. The laptop maker also reported third quarter revenue that exceeded expectations.
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HP INC forecast fourth-quarter profit above Wall Street estimates on Wednesday, driven by tariff refunds and higher device prices. The guidance outpaces consensus expectations as the PC maker offsets rising memory chip expenses. United States administration tariff refunds contributed an 8-cent boost to the projected quarterly earnings.
