Jefferies Downgrades HP, Inc. (HPQ) to Hold

HP Inc. Reports Fiscal 2016 Full-Year and Fourth Quarter Results

November 22, 2016 4:07 PM EST

PALO ALTO, CA -- (Marketwired) -- 11/22/16 -- HP (NYSE: HPQ)

Fiscal 2016 GAAP diluted net earnings per share from continuing operations of $1.53, above the previously provided outlook of $1.46 to $1.49 per share Fiscal 2016 non-GAAP diluted net earnings per share of $1.60, within the previously provided outlook of $1.59 to $1.62 per share Fiscal 2016 net revenue of $48.2 billion, down 6% (down 2% in constant currency) from the prior-year period Fiscal 2016 net cash provided by operating activities of $3.2 billion Fiscal 2016 returned $2.0 billion to shareholders in the form of share repurchases and dividends Fourth quarter GAAP diluted... More