HP Electronics announced a net quarterly profit of $ 764 million, as the company posted an adjusted quarterly profit of 51 cents per share for the three months ending in April compared to Average analyst forecast of 44 cents per share.
According to Arabia Net, the company's revenue fell 11.2% to $ 12.47 billion from its level a year ago, compared to analysts' expectations of $ 12.93 billion.
It is noteworthy that the average Wall Street forecast for the 12-month price target for HP shares comes at $ 18.00, which is about 4.9% above yesterday's closing price. Wednesday of $ 17.12.
