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HP Inc. Reveals Increase In Q1 Earnings

HP Inc. (HPQ) reported a profit for its first quarter that advanced from last year.

The company said its bottom line came in at $0.8 billion, or $0.48 per share. This was higher than $0.6 billion, or $0.38 per share, in last year's first 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 14.2% to $14.5 billion. This was up from $12.7 billion last year.

HP Inc. earnings at a glance:

-Earnings (Q1): $0.8 Bln. vs. $0.6 Bln. last year.
-Earnings Growth (Y-o-Y): 33.3%
-EPS (Q1): $0.48 vs. $0.38 last year.
-EPS Growth (Y-o-Y): 26.3%
-Analysts Estimate: $0.42
-Revenue (Q1): $14.5 Bln vs. $12.7 Bln last year.
-Revenue Change (Y-o-Y): 14.2%

Next quarter EPS guidance: $0.45 - $0.49
Full year EPS guidance: $1.90 - $2.00

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