Earnings

HP (HPQ) earnings Q4 2019

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HP stock rose as much as 3% on Tuesday after the company showed acceleration in revenue growth in the fiscal fourth quarter and issued strong guidance.

Here’s how the company did:

  • Earnings: Excluding certain items, 60 cents per share, vs. 58 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $15.41 billion, vs. $15.25 billion as expected by analysts, according to Refinitiv.

HP’s revenue rose 0.3% on an annualized basis in the fourth quarter, which ended on Oct. 31, according to a statement. The results ended a spell of six quarters of slowing sequential revenue growth. Revenue grew 0.1% in the fiscal third quarter.

HP’s biggest business segment, Personal Systems, which…



Source cnbc.com

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