HP Q1 EPS $0.81, Inline, Sales $13.19B Miss $13.51B Estimate
Portfolio Pulse from Happy Mohamed
HP (NYSE:HPQ) reported Q1 earnings per share of $0.81, meeting analyst estimates, but missed revenue expectations with $13.19B against a forecast of $13.51B. This represents an 8% increase in EPS from last year but a 4.65% decrease in sales.
February 28, 2024 | 9:15 pm
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HP reported Q1 EPS of $0.81, aligning with estimates, but sales of $13.19B missed expectations by 2.41%, indicating a 4.65% year-over-year sales decline.
HP's earnings per share met expectations, which could be seen as a positive sign of stability. However, the miss on revenue expectations and the year-over-year decline in sales are likely to be viewed negatively by investors, potentially leading to a short-term negative impact on HPQ's stock price.
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