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The Economic Times

Business

HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds

HP United States Memory

HP forecast current-quarter profit above Wall Street estimates on Wednesday, a sign that estimated tariff refunds along with price increases on premium and AI-powered personal computers will offset memory chip expenses.

The company expects fourth-quarter adjusted earnings per share between 69 cents and 79 cents, above analysts' average estimate of 67 cents, according ‌to data ⁠compiled ⁠by LSEG. The forecast includes an 8-cent boost from estimated tariff refunds.

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