Enrique Lores, CEO, HP
Scott Mlyn | CNBC
HP shares rose and were discontinued before the company released its first-quarter fiscal statement showing that the computer maker was performing better than analysts had expected. The company planned to announce the results after the market. Shares are now up 3% after trading resumes.
Here’s how the business fared:
- Earnings: 92 cents per share, adjusted to 66 cents per share as expected by analysts, according to Refinitiv.
- Income: $ 15.65 billion. versus $ 14.97 billion, as expected by analysts, according to Refinitiv.
Revenue grew by 7%, with a 34% increase in consumer devices in the Personal Systems category, according to a statement. In the previous quarter, HP’s revenue fell by 1%.
Regarding the lead for the 2021 financial year, HP said it sees $ 3.15 to $ 3.25 in adjusted earnings per share, well above the $ 2.65 consensus among analysts by Refinitiv.
Managers will discuss the results during a conference at 04:30 Eastern time.
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