HP Inc quarterly revenue tops estimates

  • Money Digest
CALIFORNIA

Dec 1, 2018-

HP Inc’s quarterly revenue beat analysts’ estimates on Thursday, driven by growth in its personal systems business that sells notebooks and desktops and the acquisition of Samsung’s printer business. Shares of HP Inc, which houses the hardware business of former Hewlett-Packard Co, were marginally up in extended trading. The personal systems business, which accounts for more than 60 percent of HP Inc’s total revenue, rose 11 percent to $10.06 billion, beating analysts’ average estimate of $9.78 billion, according to IBES data from Refinitiv. “On the PC side, we are impressed, particularly amidst a backdrop of reported ‘CPU shortages’ that are already well known,” said David Ryzhik, an analyst with Susquehanna Financial Group. (REUTERS)

Published: 01-12-2018 08:25

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