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HP Inc. Reveals 11% Retreat In Q3 Earnings, Top Expectations

HP Inc. (HPQ) reported a profit for third quarter that lost ground compared to the same period last year.

The company said its profit totaled $735 million, or $0.43 per share. This was lower than $826 million, or $0.48 per share, in last year's third quarter.

Analysts had expected the company to earn $0.42 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.1% to $13.1 billion. This was up from $11.9 billion last year.

HP Inc. earnings at a glance:

-Earnings (Q3): $735 Mln. vs. $826 Mln. last year.
-Earnings Decline (Y-o-Y): -11.0%
-EPS (Q3): $0.43 vs. $0.48 last year.
-EPS Decline (Y-o-Y): -10.4%
-Analysts Estimate: $0.42
-Revenue (Q3): $13.1 Bln vs. $11.9 Bln last year.
-Revenue Change (Y-o-Y): 10.1%

-Guidance:
Next quarter EPS guidance: $0.42 to $0.45
Full year EPS guidance: $1.63 to $1.66

by RTT Staff Writer

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