HP Inc.’s stock rose slightly Tuesday after the personal-computer maker reported quarterly earnings that beat Wall Street estimates despite a steep drop in revenue and GAAP earnings being cut in half.
HP HPQ posted fiscal first-quarter net earnings of $487 million, or 49 cents a share, down from net earnings of $1.1 billion, or 99 cents a share, in the year-ago quarter. After stripping out costs, including restructuring charges, the company reported earnings of 75 cents a share, down from $1.10 a share a year ago.
Net…
