HP Inc

HP's stock set a new 52-week high on Friday after delivering a strong profit forecast

11 monthes ago   |   By

Investors snapped up shares of HP Inc. on Friday after the company indicated that it expects to have a buoyant and profitable 2018.
The stock was up as much as 7.8% and set a 52-week high of $22 a share in regular trading on Friday, and finished the session up 6.4%.
The bump followed HP's annual analyst meeting on Thursday, where the company delivered a strong profit forecast that topped Wall Street expectations.
HP said it expects to earn $1.69 to $1.79 per share in its fiscal 2018 year, above the $1.66 per share average earnings estimate according to the Wall Street Journal.
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