Investing.com - HP Inc (NYSE:HPQ) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.53 on revenue of $14B. Analysts polled by Investing.com expected EPS of $0.51 on revenue of $13.95B. That compared to EPS of $0.48 on revenue of $14B in the same period a year earlier. The company had reported EPS of $0.52 on revenue of $14.71B in the previous quarter.
HP Inc shares gained 1.09% to trade at $19.40 in after-hours trade following the report.
HP Inc shares gained 1.09% to trade at $19.40 in after-hours trade following the report.
For the year, HP Inc shares are down 6.21%, under-performing the S&P 500 which is up 13.94% year to date.
HP Inc follows other major Technology sector earnings this month
On Wednesday, May 8, 2019, EchoStar reported first quarter EPS of $0.08 on revenue of $531.08M, compared to forecasts of EPS of $0.1 on revenue of $528.1M.
Microsoft earnings beat analyst's expectations on Wednesday, April 24, 2019, with third quarter EPS of $1.14 on revenue of $30.57B. Investing.com analysts expected EPS of $1 on revenue of $29.88B
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