Advertisement
Singapore markets closed

  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • Dow

    38,239.98
    +253.58 (+0.67%)
     

  • Nasdaq

    15,451.31
    +169.30 (+1.11%)
     

  • Bitcoin USD

    66,082.87
    +155.36 (+0.24%)
     

  • CMC Crypto 200

    1,422.27
    +7.51 (+0.53%)
     

  • FTSE 100

    8,061.18
    +37.31 (+0.46%)
     

  • Gold

    2,315.20
    -31.20 (-1.33%)
     

  • Crude Oil

    81.50
    -0.40 (-0.49%)
     

  • 10-Yr Bond

    4.6230
    +0.0080 (+0.17%)
     

  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     

  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     

  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     

  • Jakarta Composite Index

    7,110.81
    +36.99 (+0.52%)
     

  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

HP Inc. misses on Q2 revenue estimates despite work-from-home demand

Yahoo Finance Video

On Wednesday, computing giant HP reported mixed second-quarter results. Total revenue came in at $12.5 billion, compared to $12.86 billion expected, and earnings per share topped estimates ($0.51 vs. $045 expected). Meanwhile, sales at HP’s personal systems and and printing segments dropped 7% and 19%, respectively, from the prior year. Yahoo Finance’s Myles Udland breaks down the company’s report.

Video transcript

MYLES UDLAND: I also want to call your attention to HP. Shares of HPQ-- not HPE, so this is HP Inc-- that stock down about 4% in the after hours, missing here on the top and the bottom lines, $0.51 adjusted against $0.53 that the Street was looking for.

Company reporting revenues $12.5 billion. The Street was looking for something closer to $12.9, $12.86. And then on the guidance, a little light as well, looking for current quarter earnings per share between $0.39 and $0.45. The Street was looking for around $0.46. Again, that stock is down about 4% in the after hours.