HP's poor fourth quarter performance but signs of recovery in the global PC market
胡胡胡美丽_ss
发表于 2023-11-22 15:08:03
280
0
0
On November 22nd, Cailian News Agency reported that HP released its fourth quarter report after trading on Tuesday.
The report shows that due to the failure of the PC market growth rate to meet expectations, HP's fourth quarter sales performance was poor. At the same time, the company's forward-looking guidance for the next fiscal quarter was also lower than expected, causing the company's stock price to decline after hours.
However, HP CEO Enrique Lores stated after the financial report that he expects HP's revenue to improve in the new fiscal year, and the PC market is expected to rebound in 2024.
HP turned losses into profits in the fourth quarter
HP's financial report shows that in the fourth quarter ended October 31:
The company's revenue decreased by 6.5% year-on-year to $13.8 billion;
The net profit was $1 billion, compared to a net loss of $23 million in the same period last year, which turned the loss into a profit year-on-year;
Non GAAP's net profit was $900 million, an 8% increase from $800 million in the same period last year.
The adjusted profit per share for the fourth fiscal quarter was 90 cents.
HP's corporate computer sales decreased by 11% year-on-year to $6.21 billion, underperforming expectations; Consumer personal computer revenue decreased by 1% to around $3.19 billion; The printer department's revenue was $4.4 billion, in line with expectations.
The market has shown signs of recovery
In the past 18 months, due to the global economic recession after the epidemic, the demand for PCs in the market has continued to cool, and most PC manufacturers such as HP have suffered heavy losses in their revenue. Therefore, HP CEO Lorez wrote in his financial report, "We have performed well in challenging markets and innovated in key growth areas, ending the year with good momentum
Recently, market analysts have begun to see signs of recovery in the industry. For example, the international data firm IDC wrote in its October report that although the global economy remains sluggish, the personal computer market has "bottomed out".
HP CEO Lorez stated that he expects HP's revenue to improve in the new year.
He said that HP has seen corporate demand stabilize and consumer spending rebound around the upcoming holiday, which makes us believe that the personal computer market will achieve growth in the fiscal year 2024.
The outlook for the next fiscal quarter falls short of expectations
HP expects that in the first quarter of the 2024 fiscal year ending in January next year, the company's earnings per share after deducting certain items will be $0.76- $0.86, while analysts expect an average of $0.85. Affected by this, HP's stock price fell by nearly 3.2% after hours.
The company announced its profit guidance for the 2024 fiscal year last month, ranging from $3.25 to $3.65 per share, and confirmed this guidance in this financial report.
Bloomberg analyst Woo Jin Ho wrote that HP's forecast for the first quarter was lower than expected, but its full year profit forecast remained unchanged, indicating that HP will rely on strong performance in the second half of the 2024 fiscal year to achieve its full year forecast.
He said, "Although we expect HP to benefit from the rebound in the personal computer business, the increasing competitive pressure may require the sales and profit margins of the printer business to remain resilient
Lorez predicts that consumers and businesses will choose more high-end computers in 2024, thereby driving up the average selling price.
More and more personal computers are being used as communication tools - you need better cameras, larger memory, and better speakers, "he said.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- HPはPC生産能力の半分を中国から移転することを否定:中国は世界のサプライチェーンに不可欠な重要な一環である
- HP는 PC 생산능력의 절반을 중국에서 옮겨야 한다는 것을 부인한다: 중국은 전 세계 공급망에서 없어서는 안 되거나 없어서는 안 될 관건적인 일환이다
- Just now HP responded to rumors of 'relocating half of PC production out of China'
- HPは「PC生産の半分を中国に移す」という噂に応えたばかりだ
- 방금 HP는"PC 생산의 절반을 중국에서 이전한다"는 소문에 대답했다
- The US Department of Commerce plans to allocate $50 million to HP to support the expansion and renovation of HP facilities
- 米商務省はHPに5000万ドルを拠出し、HPの施設拡張、改造を支援する計画
- 미국 상무부는 HP에 5000만 달러를 지출하여 HP 시설의 확장, 개조를 지원할 계획이다
- Poor performance, Nike changes leadership: retired veteran of four years appointed as new CEO
- The Dow Jones Industrial Average hits a historic high! Intel has risen by over 6%! The sales prospects of iPhone 16 are poor, and Apple's market value has evaporated by 660 billion yuan
-
苹果知名分析师郭明錤周四(10月31日)在社交媒体上发文表示,苹果明年可能会减少对芯片制造商博通Wi-Fi芯片的依赖,并推出自己的处理器。 郭明錤在社交媒体平台X上写道,“在2025年下半年的新产品(例如iPh ...
- uturn
- 昨天 14:42
- 支持
- 反对
- 回复
- 收藏
-
10月30日,小鹏汽车生态企业小鹏汇天宣布,旗下分体式飞行汽车“陆地航母”即将亮相2024中国航展,11月12日将在中国航展第二展区(斗门莲洲)进行全球首次公开飞行,同时“陆地航母”也将在珠海国际航展中心8号 ...
- yxtianyouyou
- 前天 11:43
- 支持
- 反对
- 回复
- 收藏
-
交易所监管文件显示,当地时间11月1日,亚马逊创始人杰夫·贝索斯拟出售约1635万股亚马逊股票,预计套现约30.5亿美元。今年7月,贝索斯已申请额外出售约2500万股亚马逊股票,按当时股价计算可套现约50亿美元。 ...
- blueskybb
- 9 小时前
- 支持
- 反对
- 回复
- 收藏
-
近日,凯撒海湾目的地(山东)运营管理有限责任公司(简称“凯撒海湾”)与携程旅悦集团签署战略合作协议,双方将围绕“海上目的地运营”、“旅游产品与服务创新”、“研学旅行”、“日韩及海外旅游市场开拓”等 ...
- llyyy2008
- 7 小时前
- 支持
- 反对
- 回复
- 收藏