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Why HP Stock Sagged by 11% This Week
Why HP Stock Sagged by 11% This Week

Yahoo

time20 hours ago

  • Business
  • Yahoo

Why HP Stock Sagged by 11% This Week

The company published its fiscal second-quarter earnings. It disappointed investors with an earnings miss and lowered full-year guidance. 10 stocks we like better than HP › The combination of an earnings miss and disappointing guidance put the hurt on veteran tech stock HP (NYSE: HPQ) this week. Over the past five trading days the company's share price withered by 11%, according to data compiled by S&P Global Market Intelligence. Just after market close on Wednesday, HP published figures from its fiscal second quarter of 2025, revealing that its net revenue was $13.2 billion. That was 3% higher than in the same period of fiscal 2024. The dynamic was markedly different on the bottom line, as non-GAAP (adjusted) net income sank to $678 million ($0.71 per share) from the year-ago profit of $812 million. Analysts weren't expecting such a steep drop in profitability; on average, they were modeling adjusted net income of $0.79 per share. On the plus side, the company beat the pundit consensus of under $13.1 billion for net revenue. In the earnings release, HP quoted CEO Enrique Lores as saying that during the quarter, the company had "delivered solid revenue growth, led by strong commercial performance in personal systems and continued momentum behind our future-of-work strategy." HP is bracing for impact on tariffs, which affect its operations because many of its components are sourced abroad. It lowered its guidance for the entirety of the fiscal year, setting the forecast for adjusted per-share earnings at $3.00 to $3.30. That's down considerably from its previous estimate of $3.45 to $3.75. Free cash flow should come in at $2.6 billion to $3 billion, meanwhile. The PC market hasn't been lively for years, and given the enduring popularity of mobile devices, I don't expect this to change. That market will also be affected by the tariff war if it drags on. None of this makes me confident about HP stock. Before you buy stock in HP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and HP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends HP. The Motley Fool has a disclosure policy. Why HP Stock Sagged by 11% This Week was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Ireland's asylum system 'wide open' for exploitation, claims ex-Army chief
Ireland's asylum system 'wide open' for exploitation, claims ex-Army chief

Dublin Live

time5 days ago

  • Politics
  • Dublin Live

Ireland's asylum system 'wide open' for exploitation, claims ex-Army chief

Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Ireland's asylum system is "wide open" for exploitation with people able to come here with false passports or no passports at all, a former Army intelligence chief claimed yesterday. Michael Murphy, who is the former deputy director of military intelligence of the Defence Forces, said this represents a serious risk to the State. The claim came as a report warned the Government that immigration officials here may not be able to perform proper identity checks and security screening due to the country's lack of access to key EU security databases. This is because of the country's exclusion from the Schengen Area and the related IT border security systems. Speaking on RTE's This Week, Mr Murphy said anyone can come to this country on a false passport or no travel documents. He said: "The system is wide open for abuse. You have people coming in, travelling in without passports." On the same RTE programme, Aontu leader Peadar Toibin said Irish immigration officials not being able to access EU databases on criminal records of asylum seekers was down to a lack of Government information. He added: "The Government hasn't a clue what's going on in so many aspects to this." Join our Dublin Live breaking news service on WhatsApp. Click this link to receive your daily dose of Dublin Live content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice. For all the latest news from Dublin and surrounding areas visit our homepage.

HSE boss 'shocked' by claims of consultant misuse of waiting list system
HSE boss 'shocked' by claims of consultant misuse of waiting list system

Irish Daily Mirror

time6 days ago

  • Health
  • Irish Daily Mirror

HSE boss 'shocked' by claims of consultant misuse of waiting list system

The head of the HSE has expressed concern at claims a consultant misused the state's waiting list system, resulting in delayed operations for sick children. Bernard Gloster was responding to a report in the Sunday Times that a consultant breached HSE guidelines by referring patients he was seeing in his public practice to his weekend private clinics, rather than securing earlier treatment for them by referring them to HSE colleagues. The newspaper said the consultant was paid thousands of euros through the state's National Treatment Purchase Fund (NTPF), which pays private practices to treat patients on public waiting lists. According to the report, the details were uncovered by an internal investigation by Children's Health Ireland (CHI). Mr Gloster said if there was any evidence of misuse of public funds he would refer the matter to the gardai. The HSE chief executive said he had been unaware of the CHI internal investigation. "The content of it is absolutely shocking," he told RTE's This Week programme on Sunday. "Secondly, I'm even more shocked because nobody has told me about it, and in the light of everything we were doing in the last number of months with CHI, I'm just quite shocked. "And, in fairness to the new CEO (CHI chief executive Lucy Nugent), that's not her fault – I'm not sure how much she has been told. I did speak to her briefly today. "I believe a number of the issues around culture and other stuff that went on there were addressed, because the report was about more than that. "But I want to be very clear, I've asked for a copy of the report myself, I have said to the CEO of CHI that I expect her and her board – other than or save for highly personal information – that that report should be published in the public interest. "And I have made it clear that I reserve my position based on what I see in that report as to whether or not further questions arise and if any question arises, can I assure you, of anything connected with, or near connected with, alleged people ingratiating themselves financially in the public health system, the first step I'll be taking is to refer that matter to the gardai."

Tánaiste issues warning to US over tariff consequences
Tánaiste issues warning to US over tariff consequences

Extra.ie​

time6 days ago

  • Business
  • Extra.ie​

Tánaiste issues warning to US over tariff consequences

The Tánaiste has warned the US administration of the negative consequences of imposing tariffs on imported pharmaceuticals and microchips. Simon Harris has written to US Secretary of Commerce Howard Lutnick following the two investigations examining whether the US's reliance on foreign imports in those sectors poses a risk to national security. The outcome of the investigations could result in significant tariffs being imposed on pharmaceuticals and semiconductors sold into the US. Howard Lutnick. Pic: Yuri Gripas/UPI/Shutterstock In his letter to Mr Lutnick earlier this month, Mr Harris said Ireland and the US enjoy a 'mutually advantageous economic bilateral relationship'. He acknowledged that US foreign direct investment in Ireland is concentrated in a number of sectors, including pharma and semiconductors. The Tánaiste stressed Ireland's approach to national security is 'closely aligned' with Washington's, as he signalled a 'desire to work closely with the US on economic security issues'. Tánaiste Simon Harris. Pic: Pool Via Mr Harris then outlined details of the pharma and semiconductor sectors in Ireland. On pharma, he highlighted that the focus of production is primarily on ingredients, rather than final products. On microchips, he said Ireland has built an 'extensive and technology-rich semiconductor industry'. In conclusion, Mr Harris wrote: 'Increasing costs on two strategic sectors that face growing competition from other regions will not aid in supporting US interests.' Meanwhile, a Government minister has warned that US President Donald Trump's threatened 50% tariff on EU imports would 'effectively halt trade' between the US and the EU. Junior minister for European Affairs Thomas Byrne said the EU was in a 'position of strength' in the negotiations with the US as he urged the European Commission to 'stand firm'. The Fianna Fáil TD told RTÉ Radio 1's This Week: 'I think it's really, really important that we stay calm, we stay measured, we don't react to every single utterance of provocation.'

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