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

Market news

28 May 2020

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

HP (HPQ) reported Q2 FY 2020 earnings of $0.51 per share (versus $0.53 per share in Q2 FY 2019), beating analysts’ consensus estimate of $0.45 per share.

The company’s quarterly revenues amounted to $12.469 bln (-11.2% y/y), missing analysts’ consensus estimate of $12.781 bln.

The company also issued in-line guidance for Q3 FY 2020, projecting EPS of $0.39-0.45 versus analysts’ consensus estimate of $0.45.

HPQ fell to $16.05 (-6.25%) in pre-market trading.

EUR/GBP: Support at 0.8888/78 ideally holds with resistance seen at 0.9057 - Credit Suisse

EUR/JPY: Rallying strongly with the 200-day average at 119.26 to cap - Credit Suisse

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.