HP Inc. shares rose 3.6% in the extended session Thursday after the computer maker met earnings expectations and brought in more revenue than the consensus...
HP Inc. HPQ, -0.05% shares rose 3.6% in the extended session Thursday after the computer maker met earnings expectations and brought in more revenue than the consensus estimates. The company reported fiscal second-quarter net income of $782 million, or 51 cents a share, compared with $1.06 billion, or 64 cents a share, in the year-ago period. Adjusted for items such as acquisition-related charges and tax adjustments, among other things, earnings were 53 cents a share. Revenue rose 0.
2% to $14 billion. Analysts surveyed by FactSet had estimated adjusted earnings of 51 cents a share on revenue of $13.95 billion. For the fiscal third quarter, analysts model adjusted earnings of 55 cents a share and sales of $14.68 billion. The company said it expects adjusted fiscal third-quarter earnings of 53 cents to 56 cents a share and full-year adjusted earnings of $2.04 to $2.11 a share. HP stock has fallen 12% in the past year, with the S&P 500 index SPX, -1.19% rising 4.5%.
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