By Yasin Ebrahim
Investing.com - HP Inc (NYSE:HPQ) reported Monday first quarter results that beat analysts' forecasts and raised its full-year outlook amid ongoing demand.
HP Inc shares gained 0.12% in after-hours trade following the report.
HP Inc announced earnings per share of $1.1 on revenue of $17 billion. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $16.5 billion.
Personal systems revenue was up 15% year over year and printing revenue was down 4% year over year.
Total units were down 6%, with notebooks units down 9% and desktops units up 3%.
“Our Q1 performance was particularly strong across our key growth areas that collectively grew double digits including gaming, peripherals, workforce solutions, consumer subscriptions, and industrial graphics and 3D.
Looking ahead, the company guided fiscal second adjusted EPS in the range of $1.02 to $1.08, compared with analysts' estimates for $1.02.
For fiscal 2022, the company raised its guidance on adjusted EPS in the range of $4.18 to $4.38 from $4.07 to $4.27 previously.
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