5 Companies Under Investors’ Radar After Releasing their Earnings Reports

4. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 39

Shares of HP Inc. (NYSE:HPQ) turned red in the pre-market trading session on Tuesday, March 1, 2022, even after reporting its fiscal first-quarter profit and sales above expectations. The California-based tech company earned $1.10 per share on an adjusted basis, compared to 92 cents per share in the year-ago quarter. Analysts were looking for earnings of $1.02 per share.

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Revenue for the quarter rose 8.8 percent versus last year to $17 billion and exceeded the consensus of $16.5 billion. HP Inc. (NYSE:HPQ) also disclosed its segment-wise sales performance. Its personal systems revenue jumped 15 percent to $12.2 billion, while printing revenue slipped 4 percent to $4.8 billion in the quarter.

Looking forward, HP Inc. (NYSE:HPQ) expects adjusted earnings in the range of $1.02 – $1.08 per share for the current quarter. The company also lifted its fiscal 2022 adjusted earnings guidance to a range of $4.18 – $4.38 per share.