On August 27, HP Inc fell 9.44% in after-hours trading, trading at approximately $27.68/share, with turnover of $17.51 million. The decline was triggered by the company's post-earnings disclosure that its Q4 adjusted EPS guidance excludes restructuring and specific litigation-related charges amounting to approximately -$0.05 per share, signaling underlying pressure on actual profitability.

Following its earnings release, HP disclosed that the excluded items reflect costs tied to ongoing structural transformation and legal matters. Market consensus had already projected Q4 adjusted EPS at $0.66, representing a 12.25% year-over-year decline. Prior to the report, Morgan Stanley had cut HP's target price from $19 to $17, citing the stock's positioning in what it described as the toughest near-term earnings environment, driven by elevated buyside expectations and valuation pressure. Revenue for the quarter was expected at $14.343 billion, up 4.72% year-over-year, while EBIT was forecast to decline 13.74%.

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