HP Inc. Shares Higher After Company Raises Q3 Earnings Expectations

By Claudia AssisMarketsMarketWatch Pulse

Shares of HP Inc. shot higher late Tuesday after the hardware company raised its expectations for the third quarter. HP said in a filing it expects adjusted net earnings of 43 cents to 46 cents a share for the quarter. The company said last month third-quarter adjusted earnings would hover around 37 cents to 40 cents a share. The estimates exclude 3 cents a share related to restructuring charges, amortization, and other items. Shares of HP rose 3.2% in late trading after ending the regular session up 2%.

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