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

Market news

28 August 2020

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

HP Inc. (HPQ) reported Q3 FY 2020 earnings of $0.49 per share (versus $0.58 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.43 per share.

The company’s quarterly revenues amounted to $14.294 bln (-2.1% y/y), beating analysts’ consensus estimate of $13.286 bln.

The company also issued upside guidance for Q4 FY 2020, projecting EPS of $0.50-0.54, versus analysts’ consensus estimate of $0.50.

HPQ rose to $19.30 (+3.21%) in pre-market trading.

Eurozone: Geared for a strong third quarter - ING

AUD/USD breaks above 2019 high at 0.7295 with next resistance at 0.7394 - Credit Suisse

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