HP Inc: tightens up target EPS range

(CercleFinance.com) - HP Inc said on Tuesday evening that it now expects full-year adjusted EPS of 4.
24 to 4.38 dollars, up from a previous target range of 4.18-4.38 dollars provided three months ago, while it still expects free cash flow of at least 4.5 billion dollars.

It reported Q2 adjusted EPS that is up 16% at 1.08 dollar, i.e. the top end of its target range of 1.02-1.08 dollar, despite an adjusted operating margin that slipped 0.3% to 8.8%.

The computer hardware supplier's revenues increased 3.9% to 16.5 billion dollars (+4.9% at constant exchange rates), with a 7% contraction in printer sales, but 9% growth in personal computers.


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