HP Shares Rise Slightly As Quarterly Results Top Street View

By Wallace Witkowski Markets MarketWatch Pulse

HP Inc. shares rose slightly in the extended session Wednesday after the computer company's quarterly results topped Wall Street estimates. HP shares advanced 1.2% to $16.40 after hours. The company reported adjusted fiscal first-quarter earnings of 38 cents a share on revenue of $12.68 billion. Analysts surveyed by FactSet had estimated earnings of 37 cents a share on revenue of $11.83 billion. The company sees adjusted second-quarter earnings of 37 cents to 40 cents a share, while analysts had estimated 38 cents a share.

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