Hp (HPQ) Stock News

HP Inc. reported a strong fiscal 2021 first quarter, with GAAP diluted net earnings per share (EPS) of $0.83, surpassing the expected range of $0.58 to $0.64. Non-GAAP diluted EPS reached $0.92, above the forecast of $0.64 to $0.70. Net revenue hit $15.6 billion, reflecting a 7% year-over-year increase. The company returned $1.6 billion to shareholders through buybacks and dividends. Looking ahead, HP projects second quarter GAAP EPS between $0.82 to $0.88 and non-GAAP EPS from $0.84 to $0.90.

HP Inc. has entered a definitive agreement to acquire HyperX, Kingston Technology's gaming division, for $425 million. This acquisition aims to bolster HP's growth in the lucrative gaming peripherals market, expected to reach $12.2 billion by 2024. HyperX's portfolio includes top-tier gaming headsets, keyboards, and accessories. The deal, anticipated to close in Q2 2021, positions HP strategically to enhance its gaming ecosystem and further innovate in the Personal Systems sector.

HP Inc. has appointed Marie Myers as its new Chief Financial Officer, effective immediately. Myers has been acting CFO and Chief Transformation Officer since October 2020 and brings over 20 years of experience with HP. She has played a key role in enhancing the company's digital capabilities and reducing operating costs. President and CEO Enrique Lores praised her proven track record and operational discipline. Myers previously served as HP's Global Controller and was involved in the complex separation of Hewlett-Packard Company in 2015.

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HP Inc. (NYSE: HPQ) will host a live audio webcast on February 25, 2021, at 4:30 p.m. ET to review its financial results for the first fiscal quarter ending January 31, 2021. Investors and analysts can access the webcast through the company's investor relations website. A replay will also be available for one year after the event. HP Inc. focuses on technology solutions for personal systems, printers, and 3D printing, aiming to enhance everyday experiences globally.

HP announced the appointment of Judith (“Jami”) Miscik to its Board of Directors, enhancing its leadership with her extensive experience in international affairs and intelligence. Currently CEO and Vice Chair of Kissinger Associates, Miscik brings valuable geopolitical insights, crucial for HP's strategy in driving sustainable growth and shareholder value. She has a distinguished career, including a 22-year tenure in intelligence, culminating as Deputy Director at the CIA. The HP Board is noted for its diversity, with this addition further solidifying its commitment to effective governance.

HP Inc. announced key executive appointments designed to enhance its innovation and growth strategy. Sarabjit Singh Baveja has been appointed as Chief Strategy and Incubation Officer, focusing on new business incubation and leveraging HP's microfluidics technology. Tolga Kurtoglu joins as Chief Technology Officer, leading HP Labs and driving innovation. Concurrently, Kim Rivera will depart after a successful tenure, while Harvey Anderson takes over as Chief Legal Officer. All appointments are effective February 1, aiming to bolster HP's capabilities in personal systems and printing.

HP Inc. unveiled five new Chromebooks designed for teachers and students, enhancing blended learning experiences. The HP Chromebook 14 G7 features a large screen and powerful specs, ideal for lesson planning. The HP Chromebook x360 11 G4 EE promotes interactive learning with a 360-degree hinge and optional USI Garage Pen. Notably, all models can be sanitized with household wipes. With a 46% rise in device shipments for education, HP aims to improve learning outcomes for 100 million people by 2025, amidst a trend towards ongoing blended learning.