HP Inc.: slightly exceeds expectations in Q3.
(CercleFinance.com) - HP Inc.
, which includes the hardware business of the former Hewlett-Packard, posted Q3 adjusted net income of 0.7 billion dollars, meaning EPS that is down 10% at 43 cents, compared to the consensus of 42 cents.
The group's adjusted operating margin fell by 1.7 point to 7.7%, with revenues that were up 10% at 13.1 billion dollars (+11% at constant exchange rates), with 12% growth for PCs and 6% growth for printers.
HP Inc. has announced that it expects Q4 2016-17 adjusted EPS of between 42 cents and 45 cents, and has tightened its annual target range to 1.63 dollar to 1.66 dollar, against its previous forecast range of 1.59 dollar to 1.66 dollar.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
, which includes the hardware business of the former Hewlett-Packard, posted Q3 adjusted net income of 0.7 billion dollars, meaning EPS that is down 10% at 43 cents, compared to the consensus of 42 cents.
The group's adjusted operating margin fell by 1.7 point to 7.7%, with revenues that were up 10% at 13.1 billion dollars (+11% at constant exchange rates), with 12% growth for PCs and 6% growth for printers.
HP Inc. has announced that it expects Q4 2016-17 adjusted EPS of between 42 cents and 45 cents, and has tightened its annual target range to 1.63 dollar to 1.66 dollar, against its previous forecast range of 1.59 dollar to 1.66 dollar.
Copyright (c) 2017 CercleFinance.com. All rights reserved.