HP, Inc. (HPQ) Tops Q4 EPS by 2c, Offers Q1 and FY Guidance

HP, Inc. (NYSE: HPQ) reported Q4 EPS of $0.60, $0.02 better than the analyst estimate of $0.58. Revenue for the quarter came in at $15.4 billion versus the consensus estimate of $15.27 billion.

GUIDANCE:

HP, Inc. sees Q1 2020 EPS of $0.53-$0.56, versus the consensus of $0.54.

• For the fiscal 2020 first quarter, HP estimates GAAP diluted net EPS to be in the range of $0.39 to $0.42 and non-GAAP diluted net EPS to be in the range of $0.53 to $0.56. Fiscal 2020 first quarter non-GAAP diluted net EPS estimates exclude $0.14 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 $2.24-$2.32, versus the consensus of $2.23.

• For fiscal 2020, HP estimates GAAP diluted net EPS to be in the range of $2.00 to $2.10 and non-GAAP diluted net EPS to be in the range of $2.24 to $2.32. Fiscal 2020 non-GAAP diluted net EPS estimates exclude $0.22 to $0.24 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.

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

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