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2021-11-24

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HP stock rose over 8% in premarket trading

HP rose over 8% in extended trading on Wednesday as it saw office reopenings lifting PC demand ahead

HP stock rose over 8% in premarket trading

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The results beat Wall Street expectations for both sales and earnings.</p>\n<p>“We are seeing strong demand coming from the commercial side, from the office side because offices are reopening and companies are invested in creating a better experience for their employees,” HP Chief Executive Enrique Lores told The Wall Street Journal.</p>\n<p>Commercial PC revenue grew 25%, the company said, while consumer PC sales retreated 3%, from their lofty levels a year ago.</p>\n<p>HP said it expects to generate per-share earnings of $0.92 to $0.98 in the current quarter and $3.86 to $4.06 for the full fiscal year ending Oct. 31, 2022, both ahead of Wall Street expectations.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151967233","content_text":"HP rose over 8% in extended trading on Wednesday as it saw office reopenings lifting PC demand ahead of promising holiday season\nThe company on Tuesday said it generated quarterly sales of $16.7 billion, up 9.3% from the year-ago period, and $3.1 billion in net income, including a one-time $1.78 billion legal settlement. 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HP stock rose over 8% in premarket trading

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