HP Inc.’s stock rose slightly Tuesday after the personal-computer maker reported quarterly earnings that beat Wall Street estimates despite a steep drop in revenue and GAAP earnings being cut in half.
Net... HP Inc.’s stock rose slightly Tuesday after the personal-computer maker reported quarterly earnings that beat Wall Street estimates despite a steep drop in revenue and GAAP earnings being cut in half. Net revenue was $13.8 billion, down 19% from $17 billion a year ago. Analysts surveyed by FactSet had expected adjusted earnings of 74 cents a share on revenue of $14.1 billion.
Lores added that channel inventory has improved, and like other tech CEOs he expects sales to be stronger in the second half of the year.