[ad_1]
Enrique Lores, CEO, HP
Scott Mlyn | CNBC
HP shares rose and were halted before the company released its first quarter earnings report which showed the PC maker was performing better than analysts had expected. The company had planned to announce the results after the market closed. Stocks are now up more than 3% after trading resumes.
Here’s how the company did it:
- Earnings: 92 cents per share, adjusted, compared to 66 cents per share as expected by analysts, according to Refinitiv.
- Returned: $ 15.65 billion. against $ 14.97 billion as expected by analysts, according to Refinitiv.
Revenue rose 7%, with consumer devices growing 34% in the company’s Personal Systems category, according to a statement. In the previous quarter, HP’s sales fell 1%.
As for the forecast for fiscal 2021, HP said it sees between $ 3.15 and $ 3.25 in adjusted earnings per share, well above the consensus of $ 2.65 among analysts polled by Refinitiv.
Executives will discuss the results on a conference call at 4:30 p.m. EST.
LOOK: HP CEO Enrique Lores reflects on the importance of accountability
[ad_2]
Source link