Categories AlphaGraphs, Consumer, Technology

HP (HPQ) stock gains as Q3 earnings, revenue beat view

Shares of HP Inc. (NYSE: HPQ) gained on Thursday evening soon after the information technology firm reported financial results that topped expectations. However, third-quarter earnings and revenues decreased year-over-year, reflecting the COVID-driven slowdown.

HP Inc. Q3 2020 Earnings Infographic

At $14.3 billion, revenues were down 2.1% year-over-year in the third quarter but above the consensus forecast. Net income, adjusted for one-off items, dropped to $0.49 per share from $0.58 per share in the third quarter of 2019. Analysts were looking for a faster decline.

Unadjusted net profit was $734 million or $0.52 per share, compared to $1.18 billion or $0.78 per share a year earlier.


Looking forward to listening to management/analysts’ comments on Q3 results? Stay tuned here for HP’s Q3 2020 earnings call transcript 


This week, HP’s stock traded close to the levels seen a year earlier. It closed Thursday’s regular session higher and gained further during the extended hours, following the announcement. The shares have lost 10% since the beginning of the year.

Most Popular

Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results

Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or

NVDA Earnings: Nvidia Q3 profit jumps, beats estimates

NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues

Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance

Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top