HP, Inc. (HPQ) Reports Q1 EPS of $0.36; Issues Q2 EPS Outlook

HP, Inc. (NYSE: HPQ) reported Q1 EPS of $0.36, versus $0.41 reported last year. Revenue for the quarter came in at $12.2 million, versus $13.9 million reported last year.

Fiscal 2016 first quarter segment results

• Personal Systems net revenue was down 13% year over year (down 6% in constant currency) with a 3.1% operating margin. Commercial net revenue decreased 11% and Consumer net revenue decreased 16%. Total units were down 13% with Notebooks units down 8% and Desktops units down 13%.
• Printing net revenue was down 17% year over year (down 11% in constant currency) with a 17.0% operating margin. Total hardware units were down 20% with Commercial hardware units down 15% and Consumer hardware units down 23%. Supplies revenue was down 14% (down 8% in constant currency).

GUIDANCE:

HP, Inc. sees Q2 2016 EPS of $0.35-$0.40.

HP, Inc. sees FY2016 EPS of $1.59-$1.69, with the Street at $1.60.

For earnings history and earnings-related data on HP, Inc. (HPQ) click here.

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