HP Inc. forecast first-quarter profit that may miss analysts’ estimates as personal-computer and printer sales slump.
This is the biggest challenge facing the stand-alone business after splitting up with its corporate technology and services arm.
Profit before certain costs in the fiscal first quarter, which ends in January, will be 33 cents to 38 cents a share, HP Inc. said Tuesday in a statement. That fell short of the average analyst estimate for 42 cents.
Hewlett Packard Enterprise Co., the newly formed company that provides servers, services and storage to corporate customers, said profit will be 37 cents to 41 cents a share, compared with an average projection for 44 cents.
HPE reaffirmed its forecast for annual profit, excluding certain items, to be $1.85 to $1.95 a share.
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