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3 Reasons to Buy HP Stock, and 1 Reason to Sell

TheMotleyFool

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3 Reasons to Buy HP Stock, and 1 Reason to Sell

HP's (NYSE: HPQ) stock surged 10% to a new all-time high after the PC and printer maker posted its fourth-quarter earnings report on Nov. 23.

Its revenue rose 9% year-over-year to $16.7 billion, beating estimates by $1.3 billion. Its adjusted earnings grew 52% to $0.94 per share, which also cleared expectations by six cents.

HP didn't provide any exact revenue guidance for fiscal 2022, but it expects its adjusted earnings per share (EPS) to increase 8%-14% year-over-year in the first quarter and rise 7%-13% for the full year. The midpoints of both forecasts exceeded Wall Street's expectations.

Source Fool.com

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