HP, Inc. (HPQ) Tops Q2 EPS by 3c; Guides Q3 EPS Below Views

(Updated - May 25, 2016 4:08 PM EDT)

HP, Inc. (NYSE: HPQ) reported Q2 EPS of $0.41, $0.03 better than the analyst estimate of $0.38. Revenue was $11.6 billion, versus the consensus at $11.72 billion.

Outlook
For the fiscal 2016 third quarter, HP estimates non-GAAP diluted net EPS from continuing operations to be in the range of $0.37 to $0.40 and GAAP diluted net EPS from continuing operations to be in the range of $0.34 to $0.37. Fiscal 2016 third quarter non-GAAP diluted net EPS from continuing operations estimates exclude $0.03 per diluted share, related to restructuring charges, the amortization of intangible assets, non-operating retirement-related credits and tax indemnification amounts.

*** The Street sees Q3 EPS of $0.41 with revenue of $11.6 billion.

For fiscal 2016, HP estimates non-GAAP diluted net EPS from continuing operations to be in the range of $1.59 to $1.65 and GAAP diluted net EPS from continuing operations to be in the range of $1.52 to $1.58. Fiscal 2016 non-GAAP diluted net EPS from continuing operations estimates exclude $0.07 per diluted share, related to restructuring charges, the amortization of intangible assets, non-operating retirement-related credits and tax indemnification amounts.

*** The Street expects FY16 EPS of $1.59 and revenue of $47.53 billion.

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

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