Company News: HP Inc. (HPQ) Q2 earnings beat analysts’ expectations

Market news

26 May 2016

Company News: HP Inc. (HPQ) Q2 earnings beat analysts’ expectations

HP Inc. reported Q2 FY 2016 earnings of $0.41 per share (versus $0.87 in Q2 FY 2015), beating analysts' consensus of $0.38.

The company's quarterly revenues amounted to $11.588 bln (-10.7% y/y), missing consensus estimate of $11.709 bln.

HP Inc. also issued guidance for Q3 and FY2016, projecting Q3 EPS of $0.37-0.40 (versus analysts' consensus estimate of $0.41) and FY2016 EPS of $1.59-1.65 (versus analysts' consensus estimate of $1.58).

HPQ was traded at $12.20 (0%) in pre-market trading.

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United Kingdom: Business Investment, q/q, Quarter I -0.5% (forecast 0.1%)

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