MarketWatch First Take: HP says it could have sold more PCs if more chips were available

Hewlett-Packard Co. is feeling constraints from Intel Corp.’s supply issues, and could have sold more PCs in an unusually strong retail environment, the company said.

On Thursday, HP HPQ, -2.43% reported better-than-expected fiscal fourth-quarter earnings and revenue, but also mentioned headwinds such as processor supplies, currency fluctuations and unknowns including the impact of a new round of tariffs, if they are implemented against China in January. Its shares initially jumped more than 1% after its results, but fell back slightly during the conference call, as analysts tried unsuccessfully to get more details.

“The demand signal for our products is, and remains, really strong, even through the market supply constraints that we’re seeing,” HP CEO Dion Weisler told analysts in the call.

>>> Original Source <<<