HP Inc. reported Q4 FY 2016 earnings of $0.36 per share (versus $0.93 in Q4 FY 2015), in-line with analysts’ consensus estimate of $0.36.
The company’s quarterly revenues amounted to $12.512 bln (+5.2% y/y), beating analysts’ consensus estimate of $11.880 bln.
The company issued downside guidance for Q1 FY 2017, projecting EPS of $0.35-0.38 versus analysts’ consensus estimate of $0.38.
HP reaffirmed guidance for FY 2017, forecasting EPS of $1.55-1.65 versus analysts’ consensus estimate of $1.60.
HPQ fell to $15.69 (-1.63%) in pre-market trading.
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