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

Market news

25 February 2020

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

HP (HPQ) reported Q1 FY 2020 earnings of $0.65 per share (versus $0.52 per share in Q1 FY 2019), beating analysts' consensus estimate of $0.54 per share.

The company's quarterly revenues amounted to $14.618 bln (-0.6% y/y), roughly in line with analysts' consensus estimate of $14.637 bln.

The company issued downside guidance for Q2 FY 2020, projecting EPS of $0.49-0.53 versus analysts' consensus estimate of $0.54.

For FY 2020, the company projected EPS of $2.33-2.43 versus analysts' consensus estimate of $2.24.

HPQ rose to $22.90 (+3.62%) in pre-market trading.

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