Company News: HP Inc. (HPQ) quarterly earnings beat analysts’ estimate

Market news

24 May 2019

Company News: HP Inc. (HPQ) quarterly earnings beat analysts’ estimate

HP Inc. (HPQ) reported Q2 FY 2019 earnings of $0.53 per share (versus $0.48 in Q2 FY 2018), beating analysts’ consensus of $0.51.

The company’s quarterly revenues amounted to $14.036 bln (+0.2% y/y), generally in line with analysts’ consensus estimate of $13.966 bln.

The company issued in-line guidance for Q3, projecting EPS of $0.53-0.56 versus analysts’ consensus estimate of $0.55.

It also narrowed guidance for FY19, projecting EPS of $2.14-2.21 (from $2.12-2.22) versus analysts’ consensus estimate of $2.15.

HPQ rose to $19.55 (+1.88%) in pre-market trading.

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