Skip to playerSkip to main content
  • 5 minutes ago
HP beat earnings and revenue estimates as Personal Systems sales rose, but shares slipped in premarket trading.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02HP reported second quarter earnings of 86 cents per share,
00:06beating the consensus estimate of 71 cents by 21.13%, according to Benzinga Pro data.
00:13Revenue came in at $14.41 billion, topping the street estimate of $14.04 billion.
00:20Personal Systems net revenue rose 13% year-over-year to $10.2 billion,
00:26with commercial up 14% and consumer up 10%.
00:30Printing net revenue held flat at $4.2 billion,
00:34with consumer printing down 10% and commercial printing flat.
00:38Interim CEO Bruce Broussard said the company continued executing its future of work strategy
00:43through intelligent devices, edge AI, and connected experiences.
00:48Shares were down by 1.91% at $25 in Thursday's pre-market trading,
00:53according to data from Benzinga Pro.
00:55For all things money, visit Benzinga.com.
Comments