HP Beats Q2 Revenue Estimates With $14.4 Billion, Forecasts Q3 Adjusted EPS Above Estimates

businesscompany-earnings 1 posts · 1 accounts

HP reported fiscal second-quarter revenue rose 9% from a year earlier to $14.4 billion, topping estimates of $14 billion. Personal Systems revenue increased 13% to $10.2 billion.

The company also forecast third-quarter adjusted earnings per share above estimates, signaling a stronger near-term profit outlook than analysts had expected. Personal Systems grew faster than HP’s overall business in the quarter.

From the sources (1 posts)

@techmeme

HP reports Q2 revenue up 9% YoY to $14.4B, vs. $14B est., Personal Systems revenue up 13% to $10.2B, and forecasts Q3 adjusted EPS above estimates (@dinabass / Bloomberg) (Visit Techmeme dot com for the link and full context!)

Strategy Completes $1.5 Billion Convertible Note Repurchase at 8% Discount, Cuts Convertible Debt to $6.7 Billion Kohl’s Beats Q1 Sales Estimates With $3 Billion Revenue as Turnaround Takes Hold