Enrique Lores, CEO, HP
Scott Mlyn | CNBC
HP shares closed up lower than 1% on Thursday after the PC maker reported fiscal first-quarter earnings that topped analysts’ estimates.
HP inventory was halted throughout the afternoon as shares instantly rose. The corporate launched its earnings report shortly after, although it had deliberate to announce the outcomes after market shut.
This is how the corporate did:
- Earnings: 92 cents per share, adjusted, vs. 66 cents per share as anticipated by analysts, based on Refinitiv.
- Income: $15.65 billion. vs. $14.97 billion as anticipated by analysts, based on Refinitiv.
With respect to steerage for the 2021 fiscal yr, HP stated it sees $3.15 to $3.25 in adjusted earnings per share, properly above the $2.65 consensus amongst analysts polled by Refinitiv.
Executives will focus on the outcomes on a convention name at 4:30 Jap time.