HP's Q1 results: Four things we learned

Josh Budd
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HP's Q1 results: Four things we learned

The PC and print vendor had a barnstorming 2019, but investor confidence has been shaken by its start to this year. We unpick why

Revenues grew, but missed estimates HP's shares fell by 12 per cent in after-hours trading after the firm published its financial results for the first quarter of the year. Revenues grew by a slim one per cent year on year in Q1 to $14.7bn. Its PC business - called Personal Systems - increased revenues by two per cent to $9.66bn, missing analyst estimates of $9.74bn. Total units sold declined by three per cent in Q1, with notebook units down one per cent and desktops down eight per cent. Commercial...

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