Shares of HP, which also reported its fiscal third quarter results on Thursday after the close, were down almost 5% to $17.99.
The company said in a Thursday statement that Weisler would step down from the top positions due to a family health matter and return home to Australia. Weisler will continue as a director until the next annual meeting, HP said. Weisler joined HP in 2012 and has been president and CEO since 2015.
Lores, a 30-year veteran of HP, since 2015 has headed up the imaging, printing and solutions business, which accounted for $20 billion, or a bit more than a third, of HP's fiscal 2018 revenue of $58.5 billion.
For its fiscal third quarter ended July 31, HP reported that its adjusted earnings rose 12% year-over-year to 58 cents, ahead of analyst estimates for 55 cents. Revenue for the quarter was about flat with the year earlier at $14.6 billion. Analysts were expecting revenue of $14.62 billion.
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