(Reuters) - HP Inc
The personal systems business, which accounts for more than 60 percent of HP Inc's total revenue, rose 11 percent to $10.06 billion, beating analysts' average estimate of $9.78 billion, according to IBES data from Refinitiv.
The Palo Alto, California-based company had the second position in worldwide PC shipments in the third quarter with a 22.8 percent market share, down from 23.9 percent in the preceding quarter, according to research firm International Data Corp's data.
HP Inc, which completed the acquisition of Samsung Electronics Co's <005930.KS> printer business last year, said revenue from its printing business rose 9.1 percent to $5.30 billion, slightly below analysts' estimate of $5.31 billion.
The company also forecast current-quarter adjusted profit between 50 cents to 53 cents per share. Analysts expect a profit of 52 cents per share.
Net earnings rose to $1.45 billion, or 91 cents per share, in the fourth quarter ended Oct. 31, from $660 million, or 39 cents per share, a year earlier.
Excluding items, the company earned 54 cents per share, in line with average analyst estimates.
Net revenue rose to $15.37 billion from $13.93 billion. Analysts on an average had expected the company to report a revenue of $15.1 billion.
(Reporting by Akanksha Rana in Bengaluru; Editing by Shailesh Kuber)