HP Inc. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - HP Inc. (HPQ) revealed earnings for second quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $0.6 billion, or $0.61 per share. This compares with $1.1 billion, or $1.06 per share, in last year's second quarter.

Excluding items, HP Inc. reported adjusted earnings of $0.8 billion or $0.82 per share for the period.

Analysts on average had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.8% to $12.8 billion from $12.9 billion last year.

HP Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $0.6 Bln. vs. $1.1 Bln. last year. -EPS (Q2): $0.61 vs. $1.06 last year. -Revenue (Q2): $12.8 Bln vs. $12.9 Bln last year.

-Guidance: Next quarter EPS guidance: $0.78 to $0.92 Full year EPS guidance: $3.30 to $3.60

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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