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HP smashes profit forecasts, stops shipments to Russia
Yahoo Finance
HP smashes profit forecasts, stops shipments to Russia
Brian Sozzi·Anchor, Editor-at-Large
Mon, February 28, 2022, 4:15 PM
HP may have done enough in its earnings release after the close on Monday to quiet concerns on the Street about how slowing PC growth in 2022 and ongoing supply chain challenges would shape the computing giant's profits.
The company squashed analyst profit forecasts for its first fiscal quarter, powered by strong sales of commercial computers and printers. HP said commercial computer and printer sales rose 26% and 9%, respectively from the prior year. ... “We had a very good quarter," HP CEO Enrique Lores told Yahoo Finance Live.
{snip}
Lores told Yahoo Finance Live the company has stopped shipments to Russia in light of its invasion of Ukraine. ... "We have stopped all our shipments to Russia. And we really hope that they will be restored as soon as possible to the region," Lores said.
{snip}
HP smashes profit forecasts, stops shipments to Russia
Brian Sozzi·Anchor, Editor-at-Large
Mon, February 28, 2022, 4:15 PM
HP may have done enough in its earnings release after the close on Monday to quiet concerns on the Street about how slowing PC growth in 2022 and ongoing supply chain challenges would shape the computing giant's profits.
The company squashed analyst profit forecasts for its first fiscal quarter, powered by strong sales of commercial computers and printers. HP said commercial computer and printer sales rose 26% and 9%, respectively from the prior year. ... “We had a very good quarter," HP CEO Enrique Lores told Yahoo Finance Live.
{snip}
Lores told Yahoo Finance Live the company has stopped shipments to Russia in light of its invasion of Ukraine. ... "We have stopped all our shipments to Russia. And we really hope that they will be restored as soon as possible to the region," Lores said.
{snip}
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