The shares of HPAfter the announcement by the computer hardware company, prices rose more than 8% during extended trading Tuesday better-than-expectedQuartile results and solid guidance for current quarter.

This is how it compared to the consensus Refinitiv expectations for quarter ending October 31.

• Earnings: $0.94, adjusted, versus $.88 expected
• Revenue:$16.68 million versus the $15.4 billion anticipated

Enrique Lores, HP CEO said that HP anticipates strong demand for personal computers in all segments for the “foreseeable future”. “Mad Money.”Lores stated that HP’s commercial customers are taking precedence at the moment, while supply restrictions exist.

HP’s net personal systems revenue was $11.8 million, an increase of 13%. This segment was clearly focused on enterprise, with a 33% revenue drop in the consumer business and a 25 percent increase in revenue in the commercial business. The total sales of PC units fell by 9%.

Printing business of the company posted $4.9 Billion in revenues, an increase of 1% over last year. The company’s commercial printing revenues increased 19% over the previous year, while consumers printing revenue dropped 6%.

Lores stated that companies invest to enhance the employee experience, which is driving strong PC demand as offices reopen. Lores spoke to CNBC. Jim Cramer.

“We operate in a tight supply environment and have prioritized commercial sales as margins are better for our company.”

HP Shares are currently up 31% in 2021 based on the closing price Tuesday of $32.19.

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