Company news: HP Inc. (HPQ) quarterly results top analysts’ estimates

HP Inc. (HPQ) reported Q2 FY2024 earnings of $0.82 per share (versus $0.80 per share in Q2 FY2023), marginally beating analysts’ consensus estimate of $0.81 per share.

The company’s quarterly revenues amounted to $12.800 bln (-0.8% y/y), beating analysts’ consensus estimate of $12.607 bln.

The company also issued in-line guidance for Q3 FY2024, seeing EPS of $0.78-0.92 versus analysts’ consensus estimate of $0.85.

For the full FY2024, HP Inc. guided to EPS of $3.30-3.60 versus analysts’ consensus estimate of $3.42.

HPQ rose to $34.69 (+5.76%) in pre-market trading.