HP reports fiscal Q3 net profit of $661 million and raises full-year EPS outlook to $3.19-$3.29
AI Market Summary
HP's fiscal Q3 results beat consensus on both adjusted EPS (83c vs 75c) and revenue ($15.68B vs $14.85B), and management raised full-year EPS guidance to $3.19–$3.29. The upside surprise and improved outlook can support near-term repricing in HPQ and spill over modestly to PC/printer supply-chain and broader US equity risk sentiment.
Impact level
● Medium
Affected assets
NCSKHPQ2USD/USDT-3.34%
AI Insight · NCSKHPQ2USD/USDTAI Insight
▲ Bullish
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HP Inc. reported fiscal third-quarter net profit of $661 million, or 71 cents per share. Adjusted earnings were 83 cents per share, topping the 75 cents per share analysts surveyed by Zacks Investment Research had expected. Revenue came in at $15.68 billion, also above the $14.85 billion forecast. HP projected fourth-quarter earnings per share of 69 cents to 79 cents and lifted its full-year EPS outlook to $3.19 to $3.29.
