5 Stocks in Focus After Posting Their Financial Results

Page 1 of 5

In this article, we discuss the 5 stocks in focus after posting their financial results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks in Focus After Posting Their Financial Results.

5. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 34

Shares of HP Inc. (NYSE:HPQ) jumped more than 10 percent, hitting a nearly seven-month high on Wednesday, 24 November 2021, after its fiscal fourth-quarter profit and sales came in above expectations.

HP Inc. (NYSE:HPQ) reported adjusted earnings of 94 cents per share, up from 62 cents per share in the comparable period of 2020. Analysts were looking for earnings of 88 cents per share.

Revenue for the quarter rose nine percent on a year-over-year basis to $16.7 billion, beating the consensus forecast of $15.39 billion. Revenue from the personal systems segment rose 13 percent versus last year to $11.8 billion. On the downside, revenue from the printing segment remained nearly flat at $4.9 billion.

Follow Hp Inc (NYSE:HPQ)

HP Inc. (NYSE:HPQ) also released the profit outlook for its fiscal first quarter and full year. The company expects adjusted earnings in the range of 99 cents – $1.05 per share for the current quarter. For its FY 2022, it expects adjusted earnings between $4.07 – $4.27 per share.

Speaking on the results, CEO Enrique Lores said:

“Our results reflect a growth-oriented company on its front foot and hitting its stride. We delivered a very strong quarter to close out an exceptional year of double-digit revenue, operating profit and EPS growth while returning record levels of capital to shareholders.”

Page 1 of 5