Investing.com - HP Inc (NYSE:HPQ) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.58 on revenue of $14.6B. Analysts polled by Investing.com expected EPS of $0.55 on revenue of $14.61B. That compared to EPS of $0.52 on revenue of $14.59B in the same period a year earlier. The company had reported EPS of $0.53 on revenue of $14.04B in the previous quarter.
For the year, HP Inc shares are down 7.58%, under-performing the S&P Global (NYSE:SPGI) 100 which is up 11.17% year to date.
HP Inc follows other major Technology sector earnings this month
On Tuesday, July 30, 2019, Apple reported third quarter EPS of $2.18 on revenue of $53.81B, compared to forecasts of EPS of $2.09 on revenue of $53.32B.
Alphabet A earnings beat analyst's expectations on Thursday, July 25, 2019, with second quarter EPS of $14.21 on revenue of $38.94B. Investing.com analysts expected EPS of $11.1 on revenue of $38.15B
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