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

Market news

28 May 2021

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

HP (HPQ) reported Q2 FY 2021 earnings of $0.93 per share (versus $0.51 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.89 per share.

The company’s quarterly revenues amounted to $15.877 bln (+27.3% y/y), beating analysts’ consensus estimate of $14.960 bln.

The company also issues upside guidance for Q3 FY 2021, projecting EPS of $0.81-0.85 versus analysts’ consensus estimate of $0.75. For the full FY 2021, it guided EPS of $3.40-3.50 versus analysts’ consensus estimate of $3.30.

HPQ fell to $30.49 (-5.02%) in pre-market trading.

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