Investing.com - HP Inc reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.6 on revenue of $15.41B. Analysts polled by Investing.com forecast EPS of $0.58 on revenue of $15.27B. That compared to EPS of $0.54 on revenue of $15.37B in the same period a year earlier. The company had reported EPS of $0.58 on revenue of $14.6B in the previous quarter.
HP Inc shares gained 1.99% to trade at $20.47 in after-hours trade following the report.
For the year, HP Inc shares are down 1.91%, under-performing the S&P Global 100 which is up 21.76% year to date.
HP Inc follows other major Technology sector earnings this month
On Wednesday, October 30, 2019, Apple reported fourth quarter EPS of $3.03 on revenue of $64.04B, compared to forecasts of EPS of $2.83 on revenue of $63.01B.
Alphabet C earnings missed analyst's expectations on Monday, October 28, 2019, with third quarter EPS of $10.12 on revenue of $40.5B. Investing.com analysts expected EPS of $12.32 on revenue of $40.31B
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