Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

HP shares jump after earnings beat, CEO says return to office driving PC demand

by
November 24, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Cathie Wood says rising rates hit her strategy like an earthquake and cyclical stocks are next

Potentially deadly fungus is spreading at an ‘alarming rate,’ CDC says

Shares of HP were up more than 8% in extended trading Tuesday after the computer hardware maker reported better-than-expected quarterly results and strong guidance for the current quarter.

Here’s how it did versus Refinitiv consensus expectations for the quarter ending Oct. 31:

Earnings: $0.94, adjusted, versus $.88 expectedRevenue: $16.68 billion versus $15.4 billion expected

HP expects to see robust demand for its personal computers for the “foreseeable future” across its segments, CEO Enrique Lores said Tuesday on CNBC’s “Mad Money.” However, Lores said HP’s commercial clients are currently taking precedent while the company faces supply constraints.

HP’s personal systems net revenue came in at $11.8 billion, up 13% year-over-year. The focus on enterprise was clear in this segment, where it showed a 3% year-over-year revenue decline in its consumer PC business but a 25% revenue pop in its commercial PC business revenue. Total PC unit sales were down 9%, however.

The company’s printing business posted $4.9 billion in revenue, up 1% year-over-year. Commercial printing revenue was up 19% year-over-year while consumer printing revenue fell 6%.

“As offices are reopening, companies are investing to improve the experience of their employees, and this continues to drive very strong PC demand,” Lores told CNBC’s Jim Cramer.

“We are still operating in a supply-constrained environment, and we have been prioritizing commercial sales because margin is better for the company.”

Shares of HP are up nearly 31% so far in 2021, based on Tuesday’s closing price of $32.19.

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

ShareTweetPin

Related Posts

Cathie Wood says rising rates hit her strategy like an earthquake and cyclical stocks are next

by
March 21, 2023
0

Ark Invest's Cathie Wood said rapid interest rate hikes over the past year are now starting to hit cyclical pockets...

Potentially deadly fungus is spreading at an ‘alarming rate,’ CDC says

by
March 21, 2023
0

Candida auris is a yeast responsible for many infections. Resistant to most anti-fungal drugs, this fungus causes several deaths worldwide....

Bitcoin, ether build on recent gains as investors await Fed rate hike decision

by
March 21, 2023
0

Pedestrians walk past an advertisement displaying a Bitcoin cryptocurrency token on February 15, 2022 in Hong Kong, China. Anthony Kwan...

Home sales spike 14.5% in February as the median price drops for the first time in over a decade

by
March 21, 2023
0

Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the...

GameStop stock soars after retailer posts first quarterly profit in two years

by
March 21, 2023
0

In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A GameStop store operates in a strip mall on March...

Next Post

Wednesday: New Home Sales, GDP, Unemployment Claims, Personal Income & Outlays and More

Keystone Pipeline Developers Seek $15 Billion From U.S. for Cancellation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net