HP Inc. declared Wednesday that its revenue for the second quarter of fiscal 2025 increased by 3.3% to $13.2 billion annually, missing estimates. The company attributed its results in the reported quarter to "strong performance" in Personal Systems and continued work strategy momentum.
At the same time, net earnings fell 20% to $971 million, compared to $1.22 billion reported in the same quarter of the year prior while GAAP diluted net earnings per share plunged 32% to $0.42.
"In light of the increased macroeconomic uncertainty, we have adjusted our outlook to reflect moderated demand and the net impact of trade-related costs. We are executing targeted mitigation strategies, and assuming current conditions remain, we expect to fully offset these costs by Q4,” HP CFO Karen Parkhill said.
The company's shares fell 4.02% in the after-hours trade after the report's release and sold for $27.20 apiece.
