Company News: HP (HPQ) quarterly earnings beat analysts’ forecast

Market news

27 November 2019

Company News: HP (HPQ) quarterly earnings beat analysts’ forecast

HP (HPQ) reported Q4 FY 2019 earnings of $0.60 per share (versus $0.54 in Q4 FY 2018), beating analysts’ consensus estimate of $0.58.

The company’s quarterly revenues amounted to $15.400 bln (+0.20% y/y), generally in line with analysts’ consensus estimate of $15.292 bln.

The company also issued in-line guidance for Q1 FY 2020, projecting EPS of $0.53-$0.56 vs. analysts’ consensus estimate of $0.53. For the full FY 2020, the company forecast EPS of $2.24-$2.32 vs. analysts’ consensus estimate of $2.23.

HPQ rose to $20.45 (+1.94%) in pre-market trading.

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