Enrique Lores, CEO of HP
Scott Mlyn | CNBC
HP shares rose and stopped before the company issued its first-quarter tax results statement that showed the PC maker better-than-expected analysts. The company had planned to announce the results after the market closed. Shares now rise 3% after the resumption of trading.
Here’s how the company did it:
- Earnings: 92 cents per share, adjusted, compared to 66 cents per share, as analysts expected, according to Refinitiv.
- Income: $ 1.56 billion. compared to $ 14,977 million, as analysts expected, according to Refinitiv.
Revenue grew 7%, with a 34% increase in consumer devices in the company’s personal systems category, according to a statement. In the previous quarter, HP’s revenue had declined 1%.
As for the guidelines for fiscal year 2021, HP said it considers an adjusted earnings per share of $ 3.15 to $ 3.25, well above the $ 2.65 consensus among analysts surveyed by Refinitiv .
Executives will discuss the results in a conference call at 4:30 p.m.
I WILL SEE: HP CEO Enrique Lores reflects on the importance of accountability