10 Battered Stocks on Friday

5. HP Inc. (NYSE:HPQ)

HP dropped for a fourth straight day on Friday, losing 6.82 percent to finish at $30.87 each as investors soured on disappointing earnings performance for the first quarter of fiscal year 2025.

In its latest earnings release, HPQ said net income for three months ending January 31, 2025, dropped by 9 percent to $565 million from $622 million in the same period a year earlier, while revenues inched up by 2 percent to $13.5 billion from $13.2 billion in the same comparable period.

According to HP Chief Finance Officer Karen Parkhill, HPQ said it drove solid progress in the first quarter of the year, “and are raising our Future Ready savings target from $1.6 to $1.9 billion dollars by the end of fiscal year 2025.”

“We are holding our outlook for the year and remain focused on disciplined execution as we continue to invest for the future,” she added.