HP Inc. (NYSE: HPQ) reported Q1 EPS of $0.65, $0.11 better than the analyst estimate of $0.54. Revenue for the quarter came in at $14.6 billion versus the consensus estimate of $14.63 billion.

GUIDANCE:

HP Inc. sees Q2 2020 EPS of $0.49-$0.53, versus the consensus of $0.54.

• For the fiscal 2020 second quarter, HP estimates GAAP diluted net EPS to be in the range of $0.46 to $0.50 and non-GAAP diluted net EPS to be in the range of $0.49 to $0.53. Fiscal 2020 second quarter non-GAAP diluted net EPS estimates exclude $0.03 per diluted share, primarily related to restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related (credits)/charges, tax adjustments and the related tax impact on these items.

HP Inc. sees FY2020 EPS of $2.33-$2.43, versus the consensus of $2.26.

• For fiscal 2020, HP is updating its estimate of GAAP diluted net EPS to be in the range of $2.03 to $2.13 and revises its previous estimate of non-GAAP diluted net EPS to be in the range of $2.33 to $2.43. Fiscal 2020 non-GAAP diluted net EPS estimates exclude $0.30 per diluted share, primarily related to restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related (credits)/charges, tax adjustments and the related tax impact on these items.

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