Company News: HP Inc. (HPQ) Q3 results beat analysts’ expectations

Market news

25 August 2016

Company News: HP Inc. (HPQ) Q3 results beat analysts’ expectations

HP Inc. reported Q3 FY 2016 earnings of $0.48 per share, beating analysts' consensus estimate of $0.45.

The company's quarterly revenues amounted to $11.892 bln (-3.8% y/y), beating analysts' consensus estimate of $11.492 bln.

HP issued downside guidance for Q4, projecting EPS of $0.34-0.37 versus analysts' consensus estimate of $0.40. It also lowered FY16 EPS to $1.59-1.62 from $1.59-1.65 versus analysts' consensus of $1.61.

HPQ fell to $13.60 (-5.56%) in pre-market trading.

U.S.: Initial Jobless Claims, 261 (forecast 265)

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