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29.08.2024
Company news: HP Inc. (HPQ) quarterly earnings miss analysts’ expectations
HP Inc. (HPQ) reported Q3 FY2024 earnings of $0.83 per share (versus $0.86 per share in Q3 FY2023), missing analysts’ consensus estimate of $0.86 per share.
The company’s quarterly revenues amounted to $13.519 bln (+2.4% y/y), beating analysts’ consensus estimate of $13.367 bln.
The company also issued in-line EPS guidance for Q4 FY2024 of $0.89-0.99 versus analysts’ consensus estimate of $0.95 and increased the repurchase plan to $10.0 bln.
HPQ fell to $33.83 (-2.68%) in pre-market trading.
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