🔴 HP is trading 8.98% down in pre-market after PC shipments declined 16%

HP is trading at $27.78, down -8.98%, after its August 26 earnings report triggered a sharp overnight reversal as PC unit shipments declined 16%.

• The decline overshadowed record revenue and raised guidance
• Personal Systems margin fell to 4.6% from 5.2% as memory and commodity costs increased
• Tariff refunds supported earnings and guidance, raising concerns about underlying demand and margin sustainability