The stock was rising 2.21% to $19.61 a share in postmarket trading, after having fallen 0.05% in regular hours.
Earnings per share for the company's second quarter of 2019 came in at an adjusted 53 cents, beating Wall Street's estimates of 51 cents, and falling 20% year-over-year. Revenue was $14 billion, beating analyst estimates of $13.95 billion, and up 0.2% year-over-year. Personal Systems Group revenues, the company's largest segment, came in at $8.92 billion, short of estimates of $8.98 billion.
"We delivered solid Q2 financial results, with strong non-GAAP EPS growing double-digits and coming in at the high end of our outlook," said President and CEO Dion Weisler. "We continue to strike the right balance between driving results today and investing in innovation to deliver long term financial performance."
Management raised adjusted EPS guidance for all of 2019 to a range of $2.14 to $2.21 from a previous range of $2.12 to $2.22. Analysts polled by FactSet are looking for 2019 adjusted EPS of $2.29.
The stock is down 6.9% year-to-date.