HP brings Scuderia Ferrari AI PC to Singapore for S$8,250

HP Inc. (NYSE: HP) reported Q3 revenue of $15.7B, up 13% YoY, and adjusted EPS of $0.83, beating expectations. Despite this, shares fell 10% due to concerns over demand and declining PC shipments. HP's P/S ratio is higher than its historical median, suggesting overvaluation. Insiders sold $5.24M in shares recently, indicating mixed sentiment.

HP Inc. reported Q3 adjusted earnings of $0.83 per share, beating estimates, with revenue up 12.5% YoY to $15.68B. PC shipments fell 16%, causing shares to drop 9%. HP raised its full-year outlook, citing premium product gains and new customers. The company returned $600M to shareholders.

Ferrari's first electric car, the Luce, has a starting price of around £450,000 and has reportedly sold well, with Ferrari targeting 2,500 sales by 2030. The car's stock price has rallied from $280 to over $360 since its unveiling. The Luce features a 1036bhp electric powertrain and is designed to expand Ferrari's lineup rather than replace combustion models. It is expected to be released before the end of 2026. Ferrari's CEO emphasized that the car is not designed for drag races but for driver

Ferrari’s first all-electric model, the customised Luce, sold for $40 million at RM Sotheby’s during Monterey Car Week, with proceeds to educational initiatives. The auction house said it was the first production chassis from the Luce program. Pre-sale estimate was $1.1 million. Ferrari (NYSE:RACE) shares fell over 8% after the May unveiling amid analyst and consumer backlash.

Rivian Automotive (RIVN) reported revenue up 27% to $1.66B and narrowed its net loss to $837M, helped by R2 SUV deliveries reaching 12,194 units. It raised delivery guidance to 65,000 to 70,000 and increased software and services revenue to $515M. Ferrari (RACE) raised full-year guidance to about €7.6B revenue and at least €2.26B adjusted operating profit despite lower shipments, with margin at 31.2%.

Helmerich & Payne (NYSE:HP) reported Q3 call highlights. Management said super-spec fleet utilization is ~95%. For fiscal Q4, North America Solutions guidance is 145-151 rigs with direct margin of $245m-$255m, and full-year North American rig count raised to 140-144. International Solutions direct margin was $31m; Offshore was $29m. Company targets net debt/EBITDA of 1x and raised full-year Offshore direct margin to $113m-$117m.