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

Market news

24 August 2018

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

HP (HPQ) reported Q3 FY 2018 earnings of $0.52 per share (versus $0.43 in Q3 FY 2017), beating analysts' consensus estimate of $0.51.

The company's quarterly revenues amounted to $14.586 bln (+11.7% y/y), beating analysts' consensus estimate of $14.288 bln.

The company also issued EPS forecasts for Q4 and FY2018 of a respective $0.52-0.55 (versus analysts' consensus estimate of $0.53) and $2.00-2.03 (versus its prior guidance of 1.97-$2.02 and analysts' consensus estimate of $2.00).

HPQ fell to $23.89 (-3.00%) in pre-market trading.

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