By Yasin Ebrahim
Investing.com - HP on Tuesday lifted its guidance after reporting better second-quarter results as the pandemic-fueled work from home trend boosted demand for laptops.
HP (NYSE:HPQ) shares rose 4% in after-hours trade following the report.
The company said it expected non-GAAP diluted net EPS of 64 cents to 70 cents, well above consensus of 57 cents.
Personal systems revenue was flat year over year and printing revenue was down 3% year over year.
Total units were up 7%, with notebooks units up 25% and desktops units down 31%.
“We had record unit shipments in the quarter, reflecting the important role HP technology is playing in the lives of our customers.," the company said.
Total hardware units were up 14%, with consumer hardware units up 18% and commercial hardware units down 10%.
HP also hiked its quarterly cash dividend by 10%, to $0.1938 per share.