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HP: Fiscal 2Q Earnings Snapshot

PALO ALTO, Calif. (AP) _ HP Inc. (HPQ) on Thursday reported fiscal second-quarter earnings of $782 million.

On a per-share basis, the Palo Alto, California-based company said it had net income of 51 cents. Earnings, adjusted for one-time gains and costs, were 53 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The personal computer and printer maker posted revenue of $14.04 billion in the period.

For the current quarter ending in August, HP expects its per-share earnings to range from 53 cents to 56 cents.

The company expects full-year earnings in the range of $2.14 to $2.21 per share.

HP shares have dropped 6% since the beginning of the year, while the Standard & Poor's 500 index has climbed 14%.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HPQ at https://www.zacks.com/ap/HPQ