Investing.com - HP Inc (NYSE:HPQ) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
HP Inc announced earnings per share of $1.08 on revenue of $16.5B. Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $16.17B.
HP Inc shares are up 2.65% from the beginning of the year and are trading at $38.55 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 10.54% from the start of the year.
HP Inc shares lost 0.31% in after-hours trade following the report.
HP Inc follows other major Information Technology sector earnings this month
HP Inc's report follows an earnings beat by NVIDIA on Wednesday, May 25, 2022, who reported EPS of $1.36 on revenue of $8.29B, compared to forecasts EPS of $1.3 on revenue of $8.12B.
Broadcom had beat expectations on Thursday with second quarter EPS of $9.07 on revenue of $8.1B, compared to forecast for EPS of $8.71 on revenue of $7.91B.
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