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Stock impact report

Buy Dell Technologies or Hewlett Packard Stock for AI Server Growth? [Yahoo! Finance]

HP Inc. (HPQ) 
Last hp inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: h30261.www3.hp.com
Company Research Source: Yahoo! Finance
AI servers and networking expansion have given both companies a boost in recent years with Dell reporting favorable Q3 results on Tuesday while Wall Street awaits Hewlett Packard's quarterly report next Thursday, December, 5. Led by its Infrastructure Solutions Group (ISG), Dell's Q3 sales increased 10% year over year to $24.36 billion although this missed Zacks estimates of $24.56 billion. ISG segment sales hit a quarterly record of $11.4 billion, soaring 34% from the comparative quarter thanks to servers and networking revenue of $7.4 billion, a 58% spike from a year ago. On the bottom line, Q3 earnings of $2.15 per share was up 14% from EPS of $1.88 in the prior-year quarter and eclipsed expectations of $2.06. More intriguing, Dell has now surpassed the Zacks EPS Consensus for 11 consecutive quarters posting an average earnings surprise of 10.44% in its last four quarterly reports. Image Source: Zacks Investment Research With Hewlett Packard's results approaching next week Show less Read more
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