HP Shares Trade Choppy After Earnings Beat on AI PC Bets
HP Inc. reported fiscal Q2 revenue of $14.4 billion, up 9%, and adjusted earnings of 86 cents per share, beating analyst estimates. Shares rose 4.4% in regular trading and briefly jumped 15% after hours. PC revenue climbed 13% to $10.2 billion, though total PC units shipped fell 7%. HP trimmed the top end of its full-year adjusted profit outlook, citing rising memory and storage costs.