HP Q1 Earnings Outperform Expectations, Can the Momentum Continue?

HP reported Q1 earnings of 81 cents per share, beating estimates by 5.2%, with revenues of $14.4 billion, up 6.7% YoY. Personal Systems revenues rose 11% YoY, while Printing business revenues fell 2% YoY. The company generated $383 million in cash from operating activities and $175 million in free cash flow. Shares have added 6.9% since the last earnings report, outperforming the S&P 500.