HP Inc. reported second-quarter earnings of 86 cents per share, surpassing the consensus estimate of 71 cents by over 21%. Revenue also exceeded expectations, reaching $14.41 billion compared to the estimated $14.04 billion. The company saw strong growth in its Personal Systems segment with a 13% revenue increase year-over-year, while Printing revenue remained flat. Interim CEO Bruce Broussard highlighted ongoing innovation in AI-powered devices and services as key drivers for future growth. Following the earnings release, HP shares rose 0.71% in after-hours trading to $25.67.
Salesforce, Snowflake, Marvell, and HP are set to report earnings, providing a broad view of AI demand across enterprise software, data cloud, custom silicon, and PCs. Investors are watching for signs that AI-related products and services are driving...
HP Inc. reported a 9% increase in net revenue to $14.4 billion for fiscal 2026's second quarter, driven by growth in Personal Systems and stable Printing revenue. GAAP diluted EPS rose 16.7% to $0.49, while non-GAAP diluted EPS increased 21.1% to $0....
US stock futures increased following a tech-led rally, with the Nasdaq advancing while the Dow Jones fell in the previous session. The Federal Reserve is almost certain to keep interest rates unchanged in June, according to CME Group's FedWatch tool....
The S&P 500 marked its eighth consecutive weekly gain, driven by broad sector participation including healthcare, consumer cyclicals, and technology. This rally is notable given rising oil prices near $97 and stable 10-year Treasury yields around 5%,...
This week, investors focus on key inflation data with Thursday's core PCE price index report, the Fed's preferred inflation gauge, expected at 3.3%, influencing rate decisions under new Fed Chair Kevin Warsh. A series of Federal Reserve speeches will...
