RBC Capital Keeps Hewlett-Packard (HPQ) at 'Sector Perform' Following Analyst Day; Highlights Key Points

HP, Inc. (HPQ) Provides Strong FY17 Outlook; Adds $3B to Stock Buyback Plan

October 13, 2016 4:32 PM EDT

Key points:

Estimates GAAP diluted net earnings per share from continuing operations for fiscal 2017 of $1.47 to $1.57Estimates non-GAAP diluted net earnings per share for fiscal 2017 of $1.55 to $1.65Estimates fiscal 2017 free cash flow of $2.3 to $2.6 billionIncreases planned quarterly dividend amount by 7%Announces additional share repurchase authorization of $3 billion for future repurchasesExpects to return 50-75% of fiscal 2017 free cash flow to shareholders through dividends and share repurchases

Today at HP Inc.'s (NYSE: HPQ) 2016 Securities Analyst Meeting (SAM), the company provided details on its strategy and... More

UPDATE: HP, Inc. (HPQ) Plans to Cut Up to 4,000 Jobs Across Divisions Over Three Years

October 13, 2016 4:22 PM EDT

(Updated - October 13, 2016 4:37 PM EDT)

HP, Inc. (NYSE: HPQ) plans to cut up to 4,000 jobs across divisions over 3 years.

UPDATE - The company disclosed the following on Thursday:

Item 2.05. Costs Associated with Exit or Disposal Activities.

On October 10, 2016, the Board of Directors (the Board) of HP Inc. (HP) approved a restructuring plan (the plan) that it expects will be implemented through fiscal 2019 and is expected to generate gross annual run rate savings of approximately $200 million to $300 million beginning in fiscal 2020.

As part of the plan, HP... More