HP Inc (NYSE: HPQ) reported fourth-quarter 2020 financial results after the regular trading hours on Tuesday. The hardware firm reported Q4 revenue of $15.3 billion, down 1% year-over-year, but higher than the Wall Street projection. Meanwhile, net earnings of $0.62 per share was much better than what analysts had anticipated.
HPQ shares rose 5.7% immediately following the announcement. The stock has gained 5% since the beginning of this year.
“The strength of our innovation with the rigor of our execution drove sequential growth in revenue, operating profit, non-GAAP EPS and cash flow,” CEO Enrique Lores said in a statement.
Labor market conditions improved once again and jobless claims dropped to about 400,000 after rising last week, as economic activity picked up. Stocks rallied in the action-packed week and benchmark
In the first half of 2021, a record number of private companies entered stock markets in the US, marking a multifold increase from the same period of 2021. The IPO
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results