HP Reports Strong Earnings, Stock Drops 10% Amid Demand Concerns
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.


