Company News: HP (HPQ) quarterly results beat analysts’ expectations

Market news

23 February 2017

Company News: HP (HPQ) quarterly results beat analysts’ expectations

HP reported Q1 FY 2017 earnings of $0.38 per share (versus $0.36 in Q1 FY 2016), beating analysts' consensus estimate of $0.37.

The company's quarterly revenues amounted to $12.684 bln (+3.6% y/y), beating analysts' consensus estimate of $11.826 bln.

The company reaffirmed its FY 2017 non-GAAP diluted net EPS guidance at $1.55-1.65 versus analysts' consensus estimate of $1.59.

HPQ rose to $16.45 (+1.54%) in pre-market trading.

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