archiveprofit fall

HP Inc. continues to face challenges during its first year as an independent company. The company on Wednesday reported a drop in profit for the third quarter hurt largely by a 4 percent drop in revenues as the company continues to struggle with weak demand for printers. Shares of the computer and printer maker slipped 5 percent in extended session after it detailed a weak fourth quarter outlook, Nasdaq.com reports HP’s third-quarter profit dropped to $783 million or $0.45 per share from $854 million or $0.47 per share last year. Excluding...

HP Inc. continues to face challenges during its first year as an independent company. The company on Wednesday reported a drop in profit for the third quarter hurt largely by a 4 percent drop in revenues as the company continues to struggle with weak demand for printers. Shares of the computer and printer maker slipped 5 percent in extended session after it detailed a weak fourth quarter outlook, Nasdaq.com reports HP’s third-quarter profit dropped to $783 million or $0.45 per share from $854 million or $0.47 per share last year. Excluding...