Categories AlphaGraphs, Technology

HP Inc: Q1 2018 Earnings Snapshot

Printer and PC maker HP Inc. (HPQ) posted strong results in the first quarter of 2018 with a jump in its profit, boosted by a $1 billion benefit from the recent U.S. tax reform.

On a GAAP basis, earnings more than quadrupled year-over-year to $1.94 billion or $1.16 per share. On an adjusted basis, earnings surged 26% to $0.48 per share.

Both GAAP and non-GAAP results for the quarter ended January 31, 2018, exceeded the previously provided outlook by the company. Revenue climbed 14% to $14.52 billion in the recently ended quarter.

 

 

Outlook

For the second quarter of fiscal 2018, HP Inc. targets GAAP EPS to be between $0.42 and $0.46 and non-GAAP EPS to be between $0.45 to $0.49.

The company raised its outlook for the fiscal year 2018 from the previous estimates. Now, GAAP EPS is estimated to be in the range of $2.53 to $2.63, and non-GAAP EPS is targeted in the range of $1.90 to $2.00.

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top