HP: Fiscal Q1 Earnings Snapshot
By AP News
Published - Feb 28, 2023, 04:36 PM ET
Last Updated - Jun 22, 2023, 06:56 PM EDT
PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — HP Inc. (HPQ) on Tuesday reported fiscal first-quarter net income of $487 million.
On a per-share basis, the Palo Alto, California-based company said it had profit of 49 cents. Earnings, adjusted for one-time gains and costs, came to 75 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The personal computer and printer maker posted revenue of $13.83 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $14.13 billion.
