Categories AlphaGraphs, Earnings, Technology
Earnings Infographic: How HP Inc. (HPQ) performed in Q4 2022
Computer hardware company HP, Inc. (NYSE: HPQ) on Tuesday reported a decrease in fourth-quarter earnings and revenues as demand conditions remained unfavorable.
Fourth-quarter earnings, adjusted for special items, dropped to $0.85 per share from $0.94 per share in the corresponding period of last year. On a reported basis, the bottom line was breakeven in the three-month period, compared to net income of $3.1 billion or $2.71 per share in the fourth quarter of 2021.
Check this space to read management/analysts’ comments on HP’s Q4 report
At $14.8 billion, revenues were down 11% in the final three months of fiscal 2022. For the first quarter of 2023, the management expects adjusted earnings per share to be in the range of $0.70 to $0.80.
“We had a solid end to our fiscal year despite navigating a volatile macro-environment and softening demand in the second half. In Q4 we delivered on our non-GAAP EPS target, while also completing our three-year value creation plan and exceeding our key metrics,” said HP’s CEO Enrique Lores.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
MKC Earnings: Key quarterly highlights from McCormick & Company’s Q1 2023 financial results
McCormick & Company, Incorporated (NYSE: MKC) reported first quarter 2023 earnings results today. Sales increased 3% year-over-year to $1.56 billion. Sales growth was 5% in constant currency. Net income was $139.1
Earnings: Trxade Health (MEDS) reports 16% rise in FY22 revenue; loss narrows
Trxade Health, Inc. (NASDAQ: MEDS), a leading health service IT company, reported a double-digit increase in revenues for fiscal 2022. The company's full-year net loss narrowed from the prior year.
Can KB Home (KBH) beat market headwinds in 2023?
KB Home (NYSE: KBH) has been expanding its presence beyond the key markets lately, while also diversifying homebuilding operations by offering highly customized options to customers. The downturn in the
