Investing.com - HP Inc (NYSE:HPQ) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
HP Inc announced earnings per share of $0.62 on revenue of $15.26B. Analysts polled by Investing.com anticipated EPS of $0.5228 on revenue of $14.61B.
HP Inc shares are up 41% from the beginning of the year and are trading at $23.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 34.15% from the start of the year.
HP Inc shares gained 5.75% in after-hours trade the report.
HP Inc follows other major Technology sector earnings this month
HP Inc's report follows an earnings beat by Apple on Thursday, October 29, 2020, who reported EPS of $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.7099 on revenue of $63.8B.
Microsoft had beat expectations on Tuesday, October 27, 2020 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.
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