17h ago
HP reports fiscal Q3 net profit of $661 million and raises full-year EPS outlook to $3.19-$3.29
HP Inc. reported fiscal third-quarter net profit of $661 million, or 71 cents per share. Adjusted earnings were 83 cents per share, topping the 75 cents per share analysts surveyed by Zacks Investment Research had expected. Revenue came in at $15.68 billion, also above the $14.85 billion forecast. HP projected fourth-quarter earnings per share of 69 cents to 79 cents and lifted its full-year EPS outlook to $3.19 to $3.29.
17h ago
8-20
Asian shares rise as South Korea’s Kospi jumps nearly 6%
Asian equities rose on Thursday, tracking an overnight advance on Wall Street. South Korea’s Kospi surged nearly 6% to recoup the prior session’s drop tied to renewed selling in artificial intelligence-related shares. Samsung Electronics climbed 9.5%, while SK Hynix jumped 12.7% after announcing a significant share buyback plan. Japan’s Nikkei 225 gained 1.4%, while Hong Kong’s Hang Seng rose 1.2% and China’s Shanghai Composite added 0.2%.
8-20
6-25
Trump presses oil companies as pump prices lag WTI’s 27% monthly drop to $70.45 a barrel
U.S. gasoline prices fell an average of 49 cents a gallon over the past month, but President Donald Trump says they are not dropping fast enough. After U.S. benchmark WTI crude slid 27% to $70.45 a barrel, regular gasoline averaged about $3.93 a gallon—down about 13% over the month but still 32% above prewar levels. Analysts say pump prices often adjust more slowly than crude because of refinery purchasing cycles, distribution delays and thin retail margins.
6-25