HP Sees Weaker Profit on Tariffs; Will Cut Over 1,000 Jobs
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HP Inc. gave a profit outlook for the current quarter that fell short of expectations, citing the impact of rising component costs and tariffs on goods from China.
Earnings, excluding some items, will be 75 cents to 85 cents a share in the period ending in April, the company said Thursday in a statement. Analysts, on average, estimated 85 cents.