“We are pleased with our execution in Q1, driving better than expected revenue growth and non-GAAP EPS above consensus.” said Karen Parkhill, CFO, HP Inc. (HPQ) “With just one quarter behind us in a dynamic environment marked by increasing memory costs, we are holding our outlook for the year yet currently anticipate results to be closer to the low end of our range. We are well practiced at managing through headwinds and remain focused on executing our mitigation plans.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPQ:
- HP Inc. options imply 7.5% move in share price post-earnings
- HSBC defends enterprise software with valuations at ‘historic lows’
- Unusually active option classes on open February 24th
- “Low Power but Very Powerful”:Nvidia (NVDA) Eyes $150 Million Laptop Market in AI Push
- The Week That Was, The Week Ahead: Macro and Markets, Feb. 22
