HP Inc reports 3.6 percent rise in quarterly revenue
FILE PHOTO - A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California January 16, 2013. REUTERS/Stephen Lam/File Photo
Get Alerts HPQ Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.8%
Revenue Growth %: +5.8%
Join SI Premium – FREE
(Reuters) - HP Inc (NYSE: HPQ), which houses the hardware business of former Hewlett-Packard Co, reported a 3.6 percent rise in quarterly revenue, largely helped by a stabilizing PC market.
However, the company's net earnings from continuing operations fell to $611 million in the first quarter ended Jan. 31, from $650 million a year earlier.
The company's earnings per share from continuing operations remained flat at 36 cents.
Revenue rose to $12.68 billion from $12.25 billion.
(Reporting by Laharee Chatterjee and Arunima Banerjee in Bengaluru; Editing by Sriraj Kalluvila)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Royal Caribbean to acquire 50% stake in Sandals Resorts for $3 billion
- KeyBanc Sees 'A Potential Catalyst for Earnings Growth and Value Creation' for Acadia Realty Trust (AKR)
- Goldman Sachs finds AI driving measurable profits at tech firms
Create E-mail Alert Related Categories
ReutersRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share