HP: Fiscal 4Q Earnings Snapshot
PALO ALTO, Calif. (AP) _ HP Inc. (HPQ) on Tuesday reported fiscal fourth-quarter net income of $388 million.
The Palo Alto, California-based company said it had profit of 26 cents per share. Earnings, adjusted for one-time gains and costs, were 60 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The personal computer and printer maker posted revenue of $15.41 billion in the period.
For the year, the company reported profit of $3.15 billion, or $2.07 per share. Revenue was reported as $58.76 billion.
For the current quarter ending in February, HP expects its per-share earnings to range from 53 cents to 56 cents.
The company expects full-year earnings in the range of $2.24 to $2.32 per share.
HP shares have decreased nearly 2% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 25%.