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HP Sales Soar Past Estimates on Personal-Computer Strength

  • Notebook shipments rose 12% on demand for high-end laptops
  • Profit in current quarter may top analysts’ projections
Updated on

HP Inc. reported sales that surpassed estimates on firmer demand for computers and printers that are helping drive profitability.

Revenue rose 3.6 percent percent to $12.7 billion in the fiscal first quarter, the Palo Alto, California-based company said Wednesday in a statement. Analysts on average projected $11.8 billion, according to data compiled by Bloomberg. The company also gave a forecast for profit in the current quarter that may top analysts’ estimates.