HP beats Q2 estimates but trims full-year outlook on memory cost pressure

HP Inc (NYSE:HPQ) shares were trading 2% lower on Thursday after the personal computing and printing giant reported second-quarter results that topped Wall Street estimates but trimmed its full-year profit outlook, with rising memory costs and slowing unit demand clouding the near-term picture. The company posted non-GAAP earnings per share of $0.86 for the second quarter, well above its prior guidance range of $0.70 to $0.76.