Dell and HP Inc. Fall After Reporting Disappointing PC Sales
- Quarterly PC shipments declined after earlier bump up in 2024
- Computer purchases are getting pushed into 2025, Dell CFO says
This article is for subscribers only.
Shares of Dell Technologies Inc. and HP Inc. dropped on Wednesday after both companies reported weak results, disappointing investors who have been waiting for a recovery in the personal computer market.
Revenue generated by Dell’s PC business declined 1% to $12.1 billion in the fiscal third quarter, falling short of estimates. While sales in HP’s PC unit rose 2% to $9.59 billion in the similar three-month period, that too missed the average analyst estimate.