Investing.com - HP Inc. (NYSE:HPQ) maintained its annual profit forecast for the second quarter but indicated that performance is expected to be closer to the lower end of the guidance range, causing its stock to fall 5.1% after hours.
Discover more earnings insights on InvestingPro
The printer and personal computer manufacturer reported adjusted earnings per share of $0.81 for the first quarter of fiscal year 2026, with revenue of $14.44 billion. Analysts previously expected earnings of $0.76 per share and revenue of $13.87 billion.
The company reaffirmed its fiscal 2026 adjusted earnings per share guidance of $2.90 to $3.00 but stated that it expects to be at the lower end of that range. Meanwhile, its current quarter’s adjusted EPS guidance midpoint is between $0.70 and $0.76, below market consensus expectations.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.
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HP's conservative earnings guidance causes stock price to fall after hours
Investing.com - HP Inc. (NYSE:HPQ) maintained its annual profit forecast for the second quarter but indicated that performance is expected to be closer to the lower end of the guidance range, causing its stock to fall 5.1% after hours.
Discover more earnings insights on InvestingPro
The printer and personal computer manufacturer reported adjusted earnings per share of $0.81 for the first quarter of fiscal year 2026, with revenue of $14.44 billion. Analysts previously expected earnings of $0.76 per share and revenue of $13.87 billion.
The company reaffirmed its fiscal 2026 adjusted earnings per share guidance of $2.90 to $3.00 but stated that it expects to be at the lower end of that range. Meanwhile, its current quarter’s adjusted EPS guidance midpoint is between $0.70 and $0.76, below market consensus expectations.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.