HP, Inc. (HPQ) Reports In-Line Q4 EPS; Guides Q1 EPS Midpoint Below Consensus

November 22, 2016 4:05 PM EST

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

(Updated - November 22, 2016 4:13 PM EST)

HP, Inc. (NYSE: HPQ) reported Q4 EPS of $0.36, in-line with the analyst estimate of $0.36. Revenue for the quarter came in at $12.5 billion versus the consensus estimate of $11.88 billion.

Outlook

For the fiscal 2017 first quarter, HP estimates GAAP diluted net EPS from continuing operations to be in the range of $0.33 to $0.36 and non-GAAP diluted net EPS to be in the range of $0.35 to $0.38. Fiscal 2017 first quarter non-GAAP diluted net EPS estimates exclude $0.02 per diluted share, primarily related to items such as restructuring and other charges, defined benefit plan settlement charges/(credits), non-operating retirement-related charges/(credits), net tax indemnification amounts, net valuation allowances and separation taxes and adjustments, acquisition and other related charges and amortization of intangible assets.

*** NOTE: The Street sees Q1 revenue of $11.6 billion and EPS of $0.38.

For fiscal 2017, HP estimates GAAP diluted net EPS from continuing operations to be in the range of $1.47 to $1.57 and non-GAAP diluted net EPS to be in the range of $1.55 to $1.65. Fiscal 2017 non-GAAP diluted net EPS estimates exclude $0.08 per diluted share, primarily related to items such as restructuring and other charges, defined benefit plan settlement charges/(credits), non-operating retirement-related charges/(credits), net tax indemnification amounts, net valuation allowances and separation taxes and adjustments, acquisition and other related charges and amortization of intangible assets.

*** NOTE: The Street sees FY17 revenue of $45.94 billion and EPS of $1.60.

For earnings history and earnings-related data on HP, Inc. (HPQ) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings, Guidance, Hot Earnings, Hot Guidance, Trader Talk

Related Entities

Earnings, Definitive Agreement

Add Your Comment