HP stock moves even higher on Q2 beat and PC demand

HP Inc. (HPQ) shares jump higher in Thursday's session after the computer company beat fiscal second-quarter estimates on the top and bottom lines, driven by renewed demand in the PC market.

Yahoo Finance's Julie Hyman and Josh Lipton examine HP's forecasts for its computer and printer segments.

Catch Yahoo Finance Executive Editor Brian Sozzi's interview with HP CEO and President Enrique Lores.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Luke Carberry Mogan.

Video transcript

And then there's a hardware company they're watching today That's doing pretty well.

And that's HP.

Those shares are higher.

After the PC maker came out with numbers, uh, that beat estimates and also, uh, came out and, uh, said it it it was gonna continue to do a little better.

We're seeing maybe a little bit of an inflexion point here.

Of course, we heard from Enrique Lores the CEO as well, And, you know, he didn't want to get to sort of run away.

The transition is here, but it seems like investors kind of took it that way in terms the PC trough and recovery print.

The printing business is still not doing great.

Still seeing year over year declines.

Uh, but it it all what?

Its first PC?

Um, increase increase in PC sales.

Uh, for the first time in a couple of years?

Yeah.

I mean, it's sort of, you know, there's been So there's been folks banking on a recovery there on P CS.

And I think HP is giving them some hope.

New version of Microsoft Windows software New P CS with a I chips.

As you noted, Julie uh CO Enrica Lo is telling our own Brian Sazi that 10% of the PC sold this year will be the A I variety.

But then he does see that ramping to 60% in three years.

So some real bullish is there to your point, the printing business under pressure.

They did introduce a subscription plan for printers, and I think lawyers was to also talking to Sazi about that, that he sort of indicated that that showing some success and traction and and by the way, we're waiting for Dell after the close of trading, which is gonna be really interesting that one has been running into the earnings until today.

The stock is down a bit today, so we'll see what happens.