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Why HP Stock Popped 10% This Morning

TheMotleyFool

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The stock of personal computing powerhouse HP (NYSE: HPQ) powered higher in early Wednesday trading, rising 10.6% through 10 a.m. ET after beating fiscal fourth-quarter earnings estimates with a stick.

Instead of the $0.88 earnings per share (EPS) pro forma on sales of $15.4 billion that Wall Street had expected, HP reported EPS of $0.94 on sales of $16.7 billion last night. The company also provided guidance significantly above expectations for the first quarter of fiscal 2022 and for the coming year as a whole.

Image source: Getty Images.

Source Fool.com

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