Company News: HP (HPQ) quarterly results beat analysts’ estimates

Market news

25 November 2020

Company News: HP (HPQ) quarterly results beat analysts’ estimates

HP (HPQ) reported Q4 FY 2020 earnings of $0.62 per share (versus $0.60 per share in Q4 FY 2019), beating analysts’ consensus estimate of $0.52 per share.

The company’s quarterly revenues amounted to $15.258 bln (-1.0% y/y), beating analysts’ consensus estimate of $14.709 bln.

The company also issued upside guidance for Q1 FY 2021, projecting EPS of $0.64-0.70 versus analysts’ consensus estimate of $0.57.

HP increased quarterly dividends to $0.1938/share from $0.1762/share.

HPQ rose to $22.48 (+3.36%) in pre-market trading.

U.S. weekly mortgage applications surge 3.9 percent

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