HP CEO Enrique Lores reveals why he is leaving to be the CEO of PayPal [Yahoo! Finance]
HP Inc. (HPQ)
Last hp inc. earnings: 2/24 04:05 pm
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Source: Yahoo! Finance
Lores has been the CEO of computer and printer giant HP for six years. He will replace Alex Chriss as CEO of PayPal, the company said alongside the release of its fourth quarter earnings report. "I think PayPal has a great future. We need to improve execution and make more progress in in the initiatives that we have in place. And this is going to be my goal doing to in the next year.," Lores told Yahoo Finance by phone. "I think it's really improving or maintaining the momentum that we have in areas like Venmo or buy now, pay later," Lores said of his early point of focus, adding "we need to improve our performance and grow our share in in branded checkout, which is the core business of the company. We have not been able to make the progress we wanted." Shares of PayPal tumbled over 15% in premarket trading following the earnings release and CEO news. This will be a big shift for Lores, who joined HP as an engineering intern in 1989. Lores without question is battle tested, t
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News
- PayPal Stock Is Now Deep in Oversold Territory. Should You Buy the Dip After 8-Day Losing Streak? [Yahoo! Finance]Yahoo! Finance
- PayPal Stock Crashes After Weak Outlook and CEO Shake-Up [Yahoo! Finance]Yahoo! Finance
- Wall Street Lunch: PayPal Plunges As It Ousts CEO [Seeking Alpha]Seeking Alpha
- PayPal bulls set to win big as spooked investors 'puke in the hole': Analyst [Yahoo! Finance]Yahoo! Finance
- HP and Karamba Security Sign Multi-Year Licensing Agreement to Protect HP’s Printers GlobeNewswire
HPQ
Earnings
- 11/25/25 - Beat
HPQ
Sec Filings
- 2/3/26 - Form 8-K
- 12/30/25 - Form 4
- 12/29/25 - Form 8-K/A
- HPQ's page on the SEC website