(HPQ) HP Inc. Earnings Beat Market Expectations
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Summary:
- HP second quarter earnings beats market expectations.
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HP Earnings announcement on Tuesday
In the wake of earnings data that beat market expectations, the HP share price rose. HP’s second quarter earnings data beat analysts profit forecasts, powered by steady sales of commercial computers as their customers continue to bring workers back to face-to-face working in the post-covid world.
HP reported that profits rose 18% in the second quarter. The CEO of HP indicated that no data in their earnings suggest a future economic slowdown. Both net sales and diluted EPS exceeded wall street forecasts.
HPQ Price Chart
Sources: finance.yahoo.com
