HP is preparing to increase the prices of certain products and accelerate efforts to transfer more from its production outside China as the technology company faces tariff pressure.
Plans come up when the computer and printers manufacturer has reduced its prospects for the year, citing higher than expected rates and the moderation of hardware demand in the last quarter.
As a result, the company has increased its production in countries such as Vietnam, Thailand, India, Mexico and the United States. She expects almost all of her US products to be manufactured outside China by the end of June. HP will also launch “targeted price stocks” and at the same time increase its focus on cost control.
For the 2025 fiscal year, HP now expects an adjusted profit per share of $ 3 to $ 3.30, below the previous forecast of $ 3.45 to $ 3.75. For the current quarter, the company predicted profits adjusted per share of $ 0.68 to US $ 0.80, including a $ 0.11 charge related to restructuring.
The analysts consulted by FactSet expected adjusted gains of $ 0.90 per share for the current quarter and $ 3.56 per share in the year.
HP’s profit was $ 406 million, or $ 0.42 per share, for the three months closed on April 30, below $ 607 million, or $ 0.61 per share, a year earlier.
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The profit adjusted per share was $ 0.71, below the $ 0.80 expected by analysts. Revenue increased 3.3%, reaching US $ 13.22 billion. Analysts expected sales of $ 13.13 billion.
At 6:18 pm (from Brasilia), HP shares fell 15.07% in the New York after hours.
