Technology firm HP, Inc. (NYSE: HPQ) on Tuesday reported higher adjusted earnings for the third quarter of 2022, despite a decline in revenues. The bottom line matched the consensus forecast.
Third-quarter earnings, adjusted for special items, rose to $1.04 per share from $1.00 per share in the corresponding period of last year. Net profit was $1.1 billion or $1.08 per share in the three-month period, compared to $1.1 billion or $0.92 per share in the third quarter of 2021. The bottom line matched estimates.
Check this space to read management/analysts’ comments on HP’s Q3 report
At $14.7 billion, revenues were down 4.1% in the most recent quarter compared to the same period of last year. Analysts had predicted a bigger growth.