HP Inc. (NYSE:HPQ) reported its first-quarter results after Thursday's closing bell. Here's a look at the key figures from the report.
The Details: HP reported quarterly earnings of 74 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in at $13.5 billion which beat the analyst consensus estimate of $13.36 billion and is an increase over sales of $13.19 billion from the same period last year.
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First quarter segment results:
Personal Systems
Printing
“We are pleased with our first quarter performance, achieving revenue growth for the third straight quarter and advancing our strategy to lead the future of work,” said Enrique Lores, HP president and CEO.
“Our progress was fueled by a strong commercial business in Personal Systems and momentum in our key growth areas, including AI PCs. We are focused on taking decisive action to address evolving market conditions in the near-term while investing in our long-term growth,” Lores added.
Outlook: HP sees second-quarter adjusted earnings of between 75 cents and 85 cents per share, versus the 86 cent estimate, and fiscal 2025 earnings between $3.45 and $3.75 per share, versus the $3.75 estimate.
HPQ Price Action: According to data from Benzinga Pro, HP shares are down 3.68% after hours at $31.91 Thursday.
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