HP Stock Pops on Earnings Beat, Strong Outlook: What To Know

HP shares are soaring Thursday after the PC maker beat earnings expectations and issued solid guidance for its fiscal third quarter.

Blue HP logo sign outside of Hewlett Packard office in Palo Alto, California
(Image credit: Justin Sullivan/Getty Images)

HP (HPQ) stock is soaring Thursday after the PC and printer company beat revenue and earnings expectations for its fiscal second quarter and issued solid guidance for its fiscal third quarter.

In the three months ended April 30, HP said its revenue slipped 0.8% year-over-year to $12.8 billion, pressured by an 8% drop in printing net revenue. Still, HPQ saw revenue in its personal systems segment, its biggest contribution to total revenue, rise 3% from the year prior to $8.4 billion. 

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Joey Solitro
Contributor

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.