HP drops after expecting contraction in PC market volumes
HPQ•HP shares fall on weaker PC volume outlook
Shares of PC and printer maker Hewlett Packard HPQ.N fell 3.8% to $33.10.
The company expects industry-wide PC unit volumes to decline by a mid-single-digit percentage in 2027 versus 2026.
HPQ also declined to provide financial guidance for fiscal 2027.
HPQ was the leading loser on the S&P 500 .SPX index at midday.
Including session moves, the stock was up 48.5% year to date.
