HP dials back profit outlook on PC market slump, China weakness

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PALO ALTO: HP Inc tempered expectations for annual profit on Tuesday (Aug 29), as it grapples with a more than a year-long slump in the personal compu...

PALO ALTO:

“While we expect another quarter of sequential growth in the fourth quarter, the external environment has not improved as quickly as anticipated and we are moderating our expectations as a result,” said HP's CEO, Enrique Lores. “We don’t see it happening anytime soon. And at this point, we are not building that recovery in any of our plans,” Lores added.

 

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