Upgrade to SI Premium - Free Trial

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

November 22, 2016 4:05 PM

(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.

Categories

Earnings Guidance Hot Earnings Hot Guidance Trader Talk

Next Articles