HP's Q3 earnings grew 13% year-over-year, exceeding profit forecasts, but this still couldn't prevent a sharp drop in its stock price; the market focuses on concerns about PC demand | Earnings Report Insights
HP's quarterly results and full-year earnings guidance both exceeded analysts' expectations, but investors turned their attention to deeper demand concerns, and the stock price subsequently plunged by about 10% in after-hours trading.
After the US stock market closed on August 26, HP released its third fiscal quarter