Enrique Lores, CEO, HP
Scott Mlyn | CNBC
HP’s shares rose and were halted before the company released its first fiscal quarter earnings statement, which showed the PC maker’s performance better than analysts had expected. The company planned to announce the results after the market closed. The shares have now risen another 3% after resumption of trading.
See how the company did:
- Earnings: 92 cents per share, adjusted, vs. 66 cents per share as expected by analysts, according to Refinitiv.
- Recipe: $ 15.65 billion. vs. $ 14.97 billion as expected by analysts, 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 fallen 1%.
Regarding the guidance for fiscal year 2021, HP said it sees $ 3.15 to $ 3.25 in adjusted earnings per share, well above the $ 2.65 consensus among analysts polled by Refinitiv.
Executives will discuss the results on a conference call at 4:30 am Eastern Time.
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