Company News: HP Inc. (HPQ) quarterly results beat analysts’ expectations

HP Inc. (HPQ) reported Q1 FY 2018 earnings of $0.48 per share (versus $0.38 in Q1 FY 2017), beating analysts’ consensus estimate of $0.42.

The company’s quarterly revenues amounted to $14.517 bln (+14.5% y/y), beating analysts’ consensus estimate of $13.471 bln.

The company also issues upside forecasts for Q2 and FY2018, projecting EPS of $0.45-0.49 (versus analysts’ consensus estimate of $0.44) and of $1.90-2.00 (versus analysts’ consensus estimate of $1.81), respectively.

HPQ rose to $22.71 (+6.17%) in pre-market trading.