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MarketWatch First Take: HP boosted by double whammy of PC and printer growth

HP Inc. executives sounded the most optimistic since the separation from HP Enterprise in 2015, thanks in part to renewed growth in its printing business and its continued gains in the PC business, even as it raised prices due to rising memory costs.

In after-hours trading, shares of HP HPQ, +0.26%initially jumped as much as 7%, after the company reported higher than expected fiscal second quarter revenue and the first year-over-year sales growth in both PCs and printers since 2010, though gains fell back slightly to 3%.

HP raised PC prices in both the first and second quarter amid higher prices for memory, and in the second quarter, it helped total PC sales rise 10%.

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