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HP: adjusted EPS up 2% y-o-y

(CercleFinance.com) - HP has reported its Q4 2020 and FY 2020 results.


In 2020, HP notched up revenues of 56.6 billion dollars, albeit down 3.6% from last year.

Adjusted net profit came in at 3.2 billion dollars, down 5%, with adjusted EPS of 2.28 dollars, 4 cents (+2%) above the 2.24 dollars announced a year ago.

Q4 revenue amounted to 15.3 billion dollars, down 1% from Q4 2019.

Adjusted quarterly net profit reached 0.8 billion dollars, down 7%, Meanwhile, adjusted EPS reached 0.62 dollar, above the consensus.

For Q1 2021, HP expects adjusted net EPS of 0.64-0.70 dollar.

The HP share is up over 5% in pre-market trading on Wednesday.


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