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HP Inc: beats consensus in Q3

(CercleFinance.com) - On Thursday evening HP Inc reported Q3 adjusted EPS that is down 15.
5% at 49 cents, although this beat the consensus by six cents, while its adjusted operating margin fell by 1.5 point to 6.1%.

The IT hardware company saw its revenues slip slightly- down 2.1% to 14.3 billion dollars (-0.2% at constant exchange rates), with a 7% increase in PC sales, although a 20% fall in printer sales.

The group from Palo Alto stated that it is aiming to report adjusted EPS of between 50-54 cents for the current quarter, which implies a target range for FY 2019-20 of 2.16-2.20 dollars.


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