HP misses first-quarter revenue estimates on sluggish demand in PC market


HP INC missed Wall Street estimates for first-quarter revenue on Wednesday, marking a seventh straight quarter of decline, driven by sluggish demand in the personal computers (PC) market as customers delay system upgrades.

Shares of HP, which is the second-largest PC vendor in the world after China's Lenovo Group, fell more than 3% in extended trading.

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HP , PC , sales

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