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Why HP Shares Are Surging Premarket Thursday
HP Inc. (NYSE:HPQ) shares are trading higher after it reported second-quarter FY24 results.
Net revenue declined 0.8% Y/Y to $12.8 billion, beating the consensus of $12.6 billion.
Adjusted operating margin expanded 20 bps Y/Y to 8.8% in the quarter.
By segment, Personal Systems net revenue rose 3% Y/Y to $8.4 billion with a 6.0% operating margin, and Printing net revenue fell 8% Y/Y to $4.4 billion with an operating margin of 19.0%.
In Personal Systems, total units rose 7% ...