HP Inc. Q1 adjusted earnings Beat Estimates

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

The company's bottom line totaled $1.1 billion, or $0.83 per share. This compares with $0.7 billion, or $0.46 per share, in last year's first quarter.

Excluding items, HP Inc. reported adjusted earnings of $1.2 billion or $0.92 per share for the period.

Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.8% to $15.6 billion from $14.6 billion last year.

HP Inc. earnings at a glance:

-Earnings (Q1): $1.2 Bln. vs. $1.0 Bln. last year.
-EPS (Q1): $0.92 vs. $0.65 last year.
-Analysts Estimate: $0.66
-Revenue (Q1): $15.6 Bln vs. $14.6 Bln last year.

Next quarter EPS guidance: $0.84 to $0.90
Full year EPS guidance: $3.15 to $3.25

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