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
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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.