Enrique Lores, CEO, HP
Scott Mlyn | CNBC
HP shares closed up less than 1% on Thursday after the PC maker reported fiscal first-quarter earnings that topped analysts’ estimates.
HP stock was halted during the afternoon as shares suddenly rose. The company released its earnings report shortly after, though it had planned to announce the results after market close.
Here’s how the company did:
- Earnings: 92 cents per share, adjusted, vs. 66 cents per share as expected by analysts, according to Refinitiv.
- Revenue: $15.65 billion. vs. $14.97 billion as expected by analysts, according to Refinitiv.
Revenue grew 7%, with a 34% increase in consumer devices in the company’s Personal Systems category,…