HP Inc.’s fourth-quarter profits fall, in line with estimates

WASHINGTON (dpa-AFX) – HP Inc. (HPQ) reported fourth-quarter profit down from the same period last year, in line with Street estimates.

The company’s profit was $906 million, or $0.93 per share. That compares to $974 million, or $0.97 per share, in the fourth quarter of last year.

Excluding items, HP Inc. reported adjusted earnings of $900 million, or $0.93 per share for the period.

Analysts on average expected a profit of $0.93 per share, according to figures compiled by Thomson Reuters. Analyst estimates generally exclude special items.

The company’s revenue for the quarter increased 1.7% to $14.055 billion, compared to $13.817 billion last year.

HP Inc. earnings at a glance (GAAP):

-Revenues (Q4): $906 million. against $974 million. last year. -EPS (Q4): $0.93 versus $0.97 last year. -Revenues (Q4): $14.055 billion versus $13.817 billion last year.

-Advice: EPS forecast for the next quarter: $0.70 to $0.76