HP Incs (HPQ) total revenue was reported to have increased 3.6% year-on-year during the first quarter of fiscal year 2017, supported by a 10% growth in revenue from its PC business.
HP shares closed higher for a third consecutive trading session on Wednesday. The stock went up 0.43% ($0.07) to $16.20, after touching an intraday high at $16.24, or a level not seen since February 14th ($16.41). In the week ended on February 19th the shares of the tech giant added 1.46% to their market value compared to a week ago, which marked a fourth consecutive period of gains. The stock has extended its advance to 7.64% so far during the current month, following a 1.42% surge in January. The latter, however, has been the smallest monthly increase since May 2015. For the entire past year, HP shares gained 25.34%.
HPs revenue rose to $12.68 billion during the quarter ended on January 31st from $12.25 billion during the same period a year earlier.
North and South America accounted for 45% of the companys total revenue during the quarter, or an increase by 1% from a year ago.
At the same time, the Asia-Pacific region accounted for 20% of total revenue, up 4% from a year earlier.
Revenue from personal systems went up 10% year-on-year to $8.2 billion in the first quarter of fiscal year 2017, while revenue from HPs printing business shrank 3% year-on-year to $4.5 billion.
On the other hand, HPs net earnings from continuing operations decreased to $611 million during the quarter ended on January 31st from $650 million during the first quarter of fiscal year 2016.
Earnings per share from continuing operations were reported to have remained stable at $0.36 in Q1 of fiscal year 2017.
Daily and Weekly Pivot Levels
With the help of the Camarilla calculation method, todays levels of importance for the HP stock are presented as follows:
R1 – $16.21
R2 – $16.23
R3 (Range Resistance – Sell) – $16.24
R4 (Long Breakout) – $16.28
R5 (Breakout Target 1) – $16.33
R6 (Breakout Target 2) – $16.35
S1 – $16.19
S2 – $16.17
S3 (Range Support – Buy) – $16.16
S4 (Short Breakout) – $16.12
S5 (Breakout Target 1) – $16.07
S6 (Breakout Target 2) – $16.05
By using the traditional method of calculation, the weekly levels of importance for HP Inc (HPQ) are presented as follows:
Central Pivot Point – $16.02
R1 – $16.34
R2 – $16.73
R3 – $17.05
R4 – $17.37
S1 – $15.63
S2 – $15.31
S3 – $14.92
S4 – $14.53
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