Categories Earnings, Technology

HP Inc.’s (HPQ) Q4 results beat expectations

HP Inc. (NYSE: HPQ) beat revenue and earnings expectations for the fourth quarter of 2019. Shares were up 2% in aftermarket hours on Tuesday.

Total revenue of $15.4 billion was up 0.3% from the same period last year and above the estimates of $15.2 billion.  

HP Inc. beat revenue and earnings estimates for Q4 2019

On a GAAP basis, net income fell more than 70% to $0.4 billion, or $0.26 per share. The results came below the company’s outlook of $0.51-0.55. Adjusted net income rose 4% year-over-year to $0.9 billion while adjusted EPS increased 11% to $0.60. Adjusted EPS came above the company’s outlook range of $0.55-0.59 as well as analysts’ projections of $0.58 per share.

Personal Systems net revenue was up 4% year-over-year. Commercial net revenue increased 8% while consumer net revenue fell 4%. Printing net revenue declined 6% year-over-year, with a 7% drop in supplies net revenue.  

Also read: Analog Devices Q4 2019 Earnings Report

For the first quarter of 2020, HP estimates GAAP EPS to be in the range of $0.39 to $0.42 and adjusted EPS to be in the range of $0.53 to $0.56. 

For fiscal 2020, HP estimates GAAP EPS to be in the range of $2.00 to $2.10 and adjusted EPS to be in the range of $2.24 to $2.32.  

HP’s dividend payment of $0.1602 per share in the fourth quarter resulted in cash usage of $0.2 billion. HP also spent $0.5 billion of cash to repurchase approx. 25 million shares of common stock. 

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

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