HP Q3 2024 Adj EPS $0.83 Misses $0.86 Estimate, Sales $13.52B Beat $13.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
HP reported Q3 2024 earnings per share of $0.83, missing the $0.86 estimate, but sales of $13.52 billion exceeded the $13.38 billion estimate. This reflects a 3.49% decrease in EPS and a 2.45% increase in sales compared to the same period last year.
August 28, 2024 | 8:16 pm
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HP's Q3 2024 earnings per share missed estimates, but sales exceeded expectations. EPS decreased by 3.49% year-over-year, while sales increased by 2.45%.
HP's earnings per share missed analyst expectations, which is typically negative for stock prices. However, the sales beat could offset some of the negative sentiment. The mixed results suggest a neutral short-term impact on the stock price.
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