Investing.com - HP Inc (NYSE:HPQ) reported on Tuesday fourth quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
HP Inc announced earnings per share of $0.85 on revenue of $14.8B. Analysts polled by Investing.com anticipated EPS of $0.85 on revenue of $14.84B.
HP Inc shares are down 22.06% from the beginning of the year and are trading at $28.00 , down-from-52-week-high.
HP Inc shares lost 4.63% in after-hours trade following the report.
HP Inc follows other major Information Technology sector earnings this month
HP Inc's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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