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The gain of the main personal computer division reported a rise of 22%, while unit shipments in the segment rose 26%. Revenue in HP's printer division, which has generated concern among some analysts, rose 3.8%, while profits fell by 4.6%.
For the second quarter, HP projected a profit between $ 1.03 and $ 1.05 per share on revenue of U.S. $ 29,400 million to U.S. $ 29.700 million. Analysts polled by Thomson Reuters were expecting $ 1.03 and U.S. $ 29,030 million, respectively. So should I buy HP stock now ?
For the year, the company forecast earnings of between U.S. $ 4.37 and $ 4.44, up from the November projection of between $ 4.25 and U.S. $ 4.35. In terms of revenue, the company expects between U.S. $ 121,500 million and U.S. $ 122,500 million, an increase of U.S. $ 3,500 million.
