HP Inc. (HPQ) reported Q1 FY2024 earnings of $0.81 per share (versus $0.75 per share in Q1 FY2023), matching analysts’ consensus estimate of $0.81 per share.
The company’s quarterly revenues amounted to $13.185 bln (-4.4% y/y), missing analysts’ consensus estimate of $13.564 bln.
The company also issued in-line Q2 FY2024 EPS guidance of $0.76-0.86 versus analysts’ consensus estimate of $0.81 and reaffirmed FY2024 EPS guidance at $3.25-3.65 versus analysts’ consensus estimate of $3.45.
HPQ fell to $27.66 (-3.69%) in pre-market trading.