UPDATE: HP, Inc. (HPQ) Tops Q2 EPS by 1c, Offers Guidance

HP, Inc. (NYSE: HPQ) reported Q2 EPS of $0.40, $0.01 better than the analyst estimate of $0.39. Revenue for the quarter came in at $12.39 billion versus the consensus estimate of $11.88 billion.

For the fiscal 2017 third quarter, HP estimates GAAP diluted net EPS from continuing operations to be in the range of $0.36 to $0.40 and non-GAAP diluted net EPS to be in the range of $0.40 to $0.43. Fiscal 2017 third quarter non-GAAP diluted net EPS estimates exclude $0.03 to $0.04 per diluted share, primarily related to restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related credits/(charges), net tax indemnifications, net valuation allowances and discontinued operations.

For fiscal 2017, HP estimates GAAP diluted net EPS from continuing operations to be in the range of $1.42 to $1.52 and raises non-GAAP diluted net EPS to be in the range of $1.59 to $1.66. Fiscal 2017 non-GAAP diluted net EPS estimates exclude $0.14 to $0.17 per diluted share, primarily related to restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related credits/(charges), net tax indemnifications, net valuation allowances and discontinued operations

(Street sees Q3 EPS of $0.42 and FY EPS of $1.62)

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

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