Home » HP Shares Sink After Q1 Report, Weak Forward Guidance

HP Shares Sink After Q1 Report, Weak Forward Guidance

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HP Inc. (NYSE:HPQ) reported its first-quarter results after Thursday’s closing bell. Here’s a look at the key figures from the report. 

The Details:  HP reported quarterly earnings of 74 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in at $13.5 billion which beat the analyst consensus estimate of $13.36 billion and is an increase over sales of $13.19 billion from the same period last year.

Read Next: Q4 GDP Holds At 2.3% After Minor Revision In Second Estimate 

First quarter segment results:

Personal Systems

  • Personal Systems net revenue was $9.2 billion, up 5% year over year (up 5% in constant currency) with a 5.5% operating margin.
  • Consumer PS …

Full story available on Benzinga.com

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