Investing.com - HP Inc (NYSE:HPQ) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
HP Inc announced earnings per share of $0.51 on revenue of $12.47B. Analysts polled by Investing.com anticipated EPS of $0.47 on revenue of $13.06B. That with comparison to EPS of $0.53 on revenue of $14.04B in the same period a year before.HP Inc had reported EPS of $0.65 on revenue of $14.62B in the previous quarter.Analysts are expecting EPS of $0.5 and revenue of $13.59B in the upcoming quarter.
HP Inc shares are down 16.64% from the beginning of the year and are trading at $16.85 , down-from-52-week-high.They are under-performing the S&P 500 which is down 6.46% year to date.
HP Inc shares lost 1.63% in after-hours trade following the report.
HP Inc follows other major Technology sector earnings this month
HP Inc's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.66B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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