HP share price up 5% after Q2 results revenue beat

The IT product company's stock surges after a positive Q2 earnings report.

Trader looking at HQ Q2 earnings report Source: Bloomberg

HP (Hewlett-Packard) share price is up 5% after better-than-expected Q2 results revenue. The information technology product company’s Q2 earnings report exceeded Wall Street expectations.

HP earnings:key figures

Earnings per share $0.53
Revenue $14 billion

HP's Q2 earnings and revenue beat estimates

HP’s earnings per share were $0.53, growing by 10.4% since 2018. HP’s Q2 earnings per share beat projections of $0.51. HP’s Q2 revenue was $14 billion, slightly above financial experts’ predictions of $13.97 billion.

Dion Weisler, HP’s president and chief executive officer (CEO), spoke about HP’s Q2 earnings.

‘We delivered solid Q2 financial results, with strong non-GAAP (generally accepted accounting principles) EPS (earnings per share) growing double-digits and coming in at the high end of our outlook. We continue to strike the right balance between driving results today and investing in innovation to deliver long term financial performance,' said Weisler.

How did HP’s Q2 earnings compare to other tech companies?

Compared to Apple’s Q2 earnings report, HP’s Q2 earnings report was also positive. Both tech companies had revenue that surpassed expectations.

What’s next for HP’s Q3 earnings?

For HP’s Q3 earnings guidance, the company expects earnings per share in the range of $0.53-$0.56. The corporation's full-year guidance predicts HP's earnings per share to be between $1.62-$1.72.


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