HP falls as weak PC shipments, margins overshadow annual forecast lift, Q3 beat

**Shares of PC and printer maker HP HPQ.N down ~10% at $27.60 in extended trading

** Co reports decline in Q3 Personal Systems unit shipments and lower quarterly margins, even as it raises annual profit forecast and posts a quarterly results beat

** Q3 adjusted operating margin slipped to 6.5% from 7.1% a year earlier, though above analysts' expectation of 5.95%

** Q3 operating margin in Personal Systems, HP's biggest segment, fell to 4.6% from 5.4% a year earlier

** Total PC shipments declined 16%, versus 5% growth a year earlier, even as the segment's revenue rose 18%

** Co sees annual adjusted EPS of $3.19 to $3.29, including 19 cents from tariff refunds, versus prior guidance of $2.90 to $3.10

** Stock up about 37% YTD through last close