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Investing.com – HP (NYSE:HPQ) reported Tuesday second quarter results as growth in its core businesses on strong demand offset weakness in its printing business.
HP shares gained 0.26% in after-hours trade following the report.
HP Inc announced earnings per share of $1.08 on revenue of $16.5B. Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $16.17B.
Personal systems, which includes personal computers and makes up the bulk of overall growth, saw net revenue rise 9% to $11.5 billion year over year.
Printing net revenue fell 7% to $5.0 billion, led by partly by supply-chain issues.
Looking ahead, the company forecast second-quarter EPS of $1.08, at the high end of the previously provided outlook of $1.02 to $1.08 per share. That compared with Wall Street estimates for EPS of $1.03.
Broadcom had beat expectations on Thursday with second quarter EPS of $9.07 on revenue of $8.1B, compared to forecast for EPS of $8.71 on revenue of $7.91B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
