HP Inc. traded almost 6% higher on Wednesday as the company's quarterly results topped market expectations in the fourth fiscal trimester.

HP's diluted net earnings per share jumped 88% year-over-year to land at $0.49 in the three-month span ending October, while its revenues decreased 1% annually to $15.4 billion in the same quarter.

The California-headquartered company soared 5.20% at 10:49 am ET, trading for $22.88 per share to reach its highest levels since February 26.