HP shares are trading higher after the company reported a year-over-year increase in Q4 EPS results and issued FY24 EPS guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
HP reported a year-over-year increase in Q4 EPS and provided FY24 EPS guidance that exceeded analyst estimates, causing its shares to trade higher.
November 22, 2023 | 3:23 pm
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HP's Q4 earnings report showed a year-over-year increase in EPS, and the company's FY24 EPS guidance was above analyst expectations, leading to a rise in its stock price.
The positive earnings report and higher-than-expected guidance for FY24 suggest strong financial health and growth prospects for HP, which typically results in increased investor confidence and a higher stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100