HP share price up 5% after Q2 results revenue beat
The IT product company's stock surges after a positive Q2 earnings report.
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|
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?
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.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Please see important Research Disclaimer.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets