HP Inc: tightens up EPS target range
(CercleFinance.com) - Alongside the publication of its Q3 results, HP Inc.
said that it is now looking for adjusted EPS of between 2.18 dollars and 2.22 dollars, hence raising the lower end of this target range (previously 2.12 dollars).
The company, which combines the hardware business of the former Hewlett-Packard, reported adjusted EPS that is up 11.5% at 58 cents, with an adjusted operating margin that is up 0.4 point at 7.6 % for the past quarter.
Its revenues were flat (+0.1%) at 14.6 billion dollars as reported, although increased 2% at constant exchange rates, with a 6% gain in PC sales and a 5% fall in printer sales.
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