HP Inc. HPQ released its first-quarter fiscal 2017 earnings Wednesday, after its split from Hewlett-Packard Company. The company reported better-than-expected results for the first quarter, wherein both its top and bottom line surpassed the Zacks Consensus Estimate. Following the results, shares of the company went up more than 2% in after-hours trading yesterday.
The company reported non-GAAP earnings per share of 38 cents per share, which came ahead of the Zacks Consensus Estimate by a penny. Also, earnings increased from the year-ago figure of 36 cents per share.
Notably, Hewlett-Packard Company split itself into two standalone companies — HP Inc. and Hewlett-Packard Enterprise HPE — effective Nov 1, 2015. Post the split, its PC and printer business has been operating as HP Inc., while Hewlett-Packard Enterprise specializes in commercial tech products.
The stock has gained approximately 50.28% over the last one year, outperforming the Zacks categorized Computer-Mini Computers industry’s return of 41.27%.
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