HP Inc. reported sturdy earnings and gave an upbeat outlook, aided by workplace reopenings and an expectation for wholesome shopper demand via the vacation purchasing season regardless of provide shortages.

The PC and printer maker on Tuesday stated it generated quarterly gross sales of $16.7 billion, up 9.3% from the year-ago interval, and $3.1 billion in web revenue, together with a one-time $1.78 billion authorized settlement. The outcomes beat Wall Road expectations for each gross sales and earnings.

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