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Wednesday, May 27, 2020

-=HP (HPQ) reported earnings on Wed 27 May 20 (a/h)

HP beats by $0.06, misses on revs; guides Q3 EPS in-line
  • Reports Q2 (Apr) earnings of $0.51 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $0.45; revenues fell 11.2% year/year to $12.47 bln vs the $12.78 bln S&P Capital IQ Consensus.
  • Co issues in-line guidance for Q3 (Jul), sees EPS of $0.39-0.45, excluding non-recurring items, vs. $0.45 S&P Capital IQ Consensus.
  • Co is not providing full year guidance.
  • "We are seeing strong demand from our customers in notebook PC orders and Instant Ink subscriptions, as well as growing interest in 3D printing and digital manufacturing in key verticals such as healthcare. The current environment will be a catalyst for transformation and innovation across HP."

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