HP Shares Rally on Bullish Long-Term Outlook and Dividend Hike

HP forecasts 2-4% long-term annual revenue growth, with EPS growth in high single digits.

The company shared its long-term forecasts at an analyst meeting in Palo Alto on Tuesday.

HP expects to deliver solid profit growth going forward.

The company also announced plans to hike its dividend.

HP shares rallied on the solid forecast and dividend hike news.