Pandemic PC boom pushes HP sales $1 billion higher than expected; stock up 5%

Continuing tech’s torrid earnings streak, HP Inc. shares initially jumped 5% in after-hours trading Thursday after the reported fiscal third-quarter sales that exceeded Wall Street estimates by $1 billion thanks to a pandemic-influenced boom in personal-computer sales.

Continuing tech’s torrid earnings streak, HP Inc. shares initially jumped 5% in after-hours trading Thursday after the reported fiscal third-quarter sales that exceeded Wall Street estimates by $1 billion thanks to a pandemic-influenced boom in personal-computer sales.