Company News: Hewlett-Packard (HPQ) reported better than expected first fiscal quarter earnings, but revenue missed forecasts

Market news

25 February 2015

Company News: Hewlett-Packard (HPQ) reported better than expected first fiscal quarter earnings, but revenue missed forecasts

Hewlett-Packard (HPQ) earned $0.92 per share in the first fiscal quarter, beating analysts' estimate of $0.91. Revenue in the first fiscal quarter decreased 4.7% year-over-year to $26.84 billion, missing analysts' estimate of $27.35 billion.

The company released its forecasts for second fiscal quarter. EPS is expected to be $0.84-$0.88 (analysts' estimate: $0.96).

The company expects EPS to be $3.53-$3.73 (revised down from $3.83-$4.03) in fiscal year 2015 (analysts' estimate: $3.95).

Hewlett-Packard (HPQ) shares decreased to $36.25 (-5.82%) prior to the opening bell.

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