HP: Fiscal 4Q Earnings Snapshot
PALO ALTO, Calif. (AP) _ HP Inc. (HPQ) on Thursday reported fiscal fourth-quarter earnings of $1.45 billion.
The Palo Alto, California-based company said it had net income of 91 cents per share. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 54 cents per share.
The personal computer and printer maker posted revenue of $15.37 billion in the period.
For the year, the company reported profit of $5.33 billion, or $3.26 per share. Revenue was reported as $58.47 billion.
For the current quarter ending in February, HP expects its per-share earnings to range from 50 cents to 53 cents.
The company expects full-year earnings in the range of $2.12 to $2.22 per share.
HP shares have climbed almost 9 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 2 percent.