🔴 HP is trading 10% down today in pre-market as PC shipments fell 16%

HP is trading at $27.46, down 10% after its August 26 earnings report, as a 16% decline in PC shipments overshadowed the results.

• Third-quarter adjusted EPS was $0.83, and full-year guidance increased to $3.19–$3.29.
• Investors cited margin pressure, tariffs, and near-term Personal Systems costs; Reuters reported shares fell approximately 10% after hours.
• Technology-sector strength from Nvidia’s earnings has not offset HP’s company-specific post-earnings selloff.