4 Reasons to Love HP Inc.’s First Quarter

The following appears on nasdaq.com

By Leo Sun, Motley Fool – Shares of HP (NYSE: HPQ) jumped on Feb. 23, after the PC and printer maker posted first-quarter earnings that topped analyst estimates. Revenue grew 14% annually to $14.5 billion, beating expectations by $1 billion and marking its strongest quarterly growth since it split withHewlett-Packard Enterprise in late 2015. Non-GAAP earnings rose 26% to $0.48 per share, topping expectations by $0.06 and representing its highest quarterly profit in six quarters .

Growth in the printing business

HP’s Printing revenue rose 14% annually to $5.1 billion, as its total hardware shipments climbed 14%. Commercial hardware shipments surged 73%, consumer hardware shipments rose 7%, and supplies revenue advanced 10%.


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