HP drops as PC market contraction expected in 2027
Hewlett Packard shares fell 3.8% to $33.10 as the company anticipates a mid-single-digit percentage decline in industry-wide PC unit volumes in 2027 compared to 2026. HPQ is currently the largest decliner on the S&P 500 index.
10 after the company said industry-wide PC unit volumes are expected to decline by a mid-single-digit percentage in 2027 versus 2026. HPQ declined to provide financial guidance for fiscal 2027. 5% year to date.