Enrique Lores, CEO, HP
Scott Mlyn | CNBC
HP shares rose and were halted before the company issued its first-quarter tax earnings statement, which showed the PC maker performed better than analysts had expected. The company had planned to announce the results after the market closed. The shares have now increased by 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 expected by analysts, according to Refinitiv.
- Income: $ 15.65 billion. compared to $ 14.97 billion, as expected by analysts, according to Refinitiv.
Revenues rose 7%, with a 34% increase in the company’s Personal Systems consumer devices, according to a statement. In the previous quarter, HP revenue fell 1%.
Regarding the guidelines for fiscal year 2021, HP said it sees an earnings per share adjusted from $ 3.15 to $ 3.25, well above the consensus of $ 2.65 among analysts surveyed by Refinitiv.
Executives will discuss the results at a conference call at 4:30 p.m.
CLOCK: HP CEO Enrique Lores reflects on the importance of responsibility