FBN Securities Starts HP, Inc. (HPQ) at Sector Perform
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UPDATE: HP, Inc. (HPQ) Misses Q4 EPS by 3c; Issues Q1, FY16 EPS Guidance
November 24, 2015 4:05 PM EST(Updated - November 24, 2015 4:08 PM EST)
HP, Inc. (NYSE: HPQ) reported Q4 EPS of $0.93, $0.03 worse than the analyst estimate of $0.96. Revenue was $25.7 billion, versus $28.4 billion reported in the same period last year.
Fiscal 2015 fourth quarter segment results (Segment results related to Hewlett Packard Enterprise will not be included going forward)
Personal Systems revenue was down 14% year over year with a 3.8% operating margin. Commercial revenue decreased 15% and Consumer revenue decreased 12%. Total units were down 12% with Desktops units down 17% and Notebooks units down 5%.Printing revenue was down 14% year over year... More