HP misses revenue estimates as inflation saps PC demand


FILE PHOTO The logo for The Hewlett-Packard Company  is displayed on a screen on the floor of the New York Stock Exchange NYSE in New York U.S. June 27 2018. REUTERSBrendan McDermid

FILE PHOTO: The logo for The Hewlett-Packard Company is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27, 2018. REUTERS/Brendan McDermid

(Reuters) - HP Inc missed Wall Street targets for second-quarter revenue on Tuesday as inflation-hit customers spent less on the company's personal computers, sending its shares down nearly 3% in extended trading.

Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic devices.

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