HP Inc. has released a disappointing profit forecast for the current quarter, indicating challenges in the recovery of the personal computer market.

The company expects earnings, excluding certain items, to be between 70 cents and 76 cents per share for the fiscal first quarter, falling short of analysts' expectations of 86 cents.

For the fiscal year, HP predicts profits ranging from $3.45 to $3.75 per share, which is below the average analyst estimate of $3.60. This outlook reflects ongoing difficulties within the PC sector, which has been experiencing a prolonged downturn.