Reported 4 months ago
HP Inc. (HPQ) stock is rising after the company exceeded expectations in its fiscal second-quarter earnings, reporting adjusted earnings per share of $0.82. HP Inc. President and CEO Enrique Lores discusses the growth in the PC business, driven by commercial sectors, and anticipates continued growth in the second half of the year. Analysts highlight the recovery in PC demand, especially in commercial markets, with forecasts indicating a positive trend in the PC industry. The introduction of Qualcomm chips in PC options, particularly laptops, is expected to boost sales further, offering significant power and performance advantages over Apple's M3 chip.
Source: YAHOO