HP Registers Better-Than-Expected Q2 Performance
Technology and software major HP Inc. (NYSE: HPQ) has reported
better-than-expected results for the second quarter ended April 30,
2022. Following the upbeat earnings, shares of the company rose
marginally to close at $38.95 in Monday’s extended trading session.
Revenue & Earnings HP reported quarterly revenues of $16.5
billion, up 4% from the same quarter last year, surpassing the
consensus estimate of $16.17 billion. Net revenue of Personal
Systems grew 9% year-over-year to $11.5 billion and accounted for
about 70% of the total revenues. Earnings for the quarter stood at
$1.08 per share, up 16% year-over-year, topping the consensus
estimate of $1.05 per share.
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