HP Inc. HPQ just released its first quarter fiscal 2017 earnings results, posting earnings of $0.38 per share and revenue of $12.7 billion.
HPQ was up 0.74% to $16.32 in after-hours trading shortly after its earnings report was released.
Currently, HPQ has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Beat earnings estimates. The company posted earnings of $0.38 cents per share, beating our Zacks Consensus Estimate of $0.37 per share.
Beat revenue estimates. The company saw revenue figures of $12.7 billion, beating our estimate of $12.6 billion.
HP’s Personal Systems segment increased its net revenues YoY by 10% with a 3.8% operating margin. Their Printing segment’s net revenue decreased by 3% YoY.
From the prior-year period, HP revenues increased by 4% (5% in constant currency) and with that, the company returned $613 million to investors through share repurchases and dividend payments.
“In Q1, we delivered earnings at the high end of our outlook range with strong free cash flow, driven by relentless execution and innovation” stated HP President and CEO Dion Weisler.
Here’s a graph that looks at HP’s price, consensus and EPS surprise:
HP Inc. Price, Consensus and EPS Surprise
HP Inc. is a technology company which offers technological products, software solutions and individual service to consumers for small and medium sizes businesses and large enterprises. The company has 3 business segments: Personal Systems, Printing, and Corporate Investments. Founded in 1939 by William Hewitt and David Packard, the HP Inc. is now headquartered in technology hub Palo Alto, California.
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