US Stock Market Move | Concerns over demand outlook lead to a drop of about 6% for HP Inc. (HPQ.US) after earnings report.

On Thursday, HP Inc. (HPQ.US) opened down over 11%, before narrowing its decline to around 6% as of the time of publication. In terms of news, HP Inc. reported third-quarter revenue of $15.7 billion and adjusted earnings per share of $0.83, while the company raised its fourth-quarter profit outlook. Although the quarterly performance and annual profit guidance exceeded analyst expectations, investors are focusing on deeper demand concerns. The market is worried about the credibility of its fourth-quarter profit guidanceafter excluding tariff refunds, it is actually below expectations. At the same time, PC shipments have dropped 16%, demand for printers is weak, and price increases have raised future concerns, leading investors to question the sustainability of core profitability.