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

Market news

26 February 2021

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

HP Inc. (HPQ) reported Q1 FY 2021 earnings of $0.92 per share (versus $0.65 per share in Q1 FY 2020), beating analysts’ consensus estimate of $0.66 per share.

The company’s quarterly revenues amounted to $15.646 bln (+7.0% y/y), beating analysts’ consensus estimate of $15.004 bln.

The company also issued upside guidance for Q2 FY 2021, projecting EPS of $0.84-0.90 versus analysts’ consensus estimate of $0.61.

For the full FY 2021, company guided EPS of $3.15-3.25 versus analysts’ consensus estimate of $2.65.

HPQ rose to $28.41 (+0.78%) in pre-market trading.

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