HP Q3 EPS $0.86 Beats $0.80 Estimate, Sales $13.20B Beat $12.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
HP (NYSE:HPQ) reported Q3 earnings of $0.86 per share, beating the analyst consensus estimate of $0.80 by 7.5%. The company also reported quarterly sales of $13.20 billion, surpassing the analyst consensus estimate of $12.39 billion by 6.54%. However, both earnings and sales figures represent a decrease from the same period last year.
August 29, 2023 | 8:16 pm
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NEUTRAL IMPACT
HP's Q3 earnings and sales exceeded analyst estimates, which could positively impact the stock. However, the YoY decrease in both earnings and sales might temper investor enthusiasm.
HP's better-than-expected Q3 results could boost investor confidence and potentially drive the stock price up. However, the YoY decrease in earnings and sales, indicating a potential slowdown in the company's performance, might offset this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100