Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  HP Inc.    HPQ

HP INC.

(HPQ)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

HP : PC Sales Offset Slump in Printing at HP

share with twitter share with LinkedIn share with facebook
share via e-mail
1
05/24/2019 | 02:48am EDT

By Micah Maidenberg

HP Inc. bolstered revenue in its latest quarter in part by selling more desktop computers, a gain that helped to offset a weaker performance in its printing business.

Palo Alto, Calif.-based HP reported revenue from desktop computers rose 7% in its fiscal second quarter as demand grew, propelling an increase in revenue of 2% at its personal-systems unit, which also sells tablets, sales systems for retailers and other devices.

Overall, HP's revenue of $14.04 billion for the period was flat compared with a year earlier but slightly surpassed the $13.95 billion that analysts had forecast for the period, according to FactSet.

"While PC growth across the industry was more subdued this quarter, HP continued to outperform the market and gain profitable share," Chief Executive Dion Weisler told analysts on a conference call.

Shares rose about 2% in aftermarket trading after ending Thursday's regular session little changed.

Sales of printers, printing supplies and related items dropped about 2% in the period.

HP's printing business has been a focus for investors, because it offers the company profit margins that are stronger than those from its devices.

In the company's fiscal first quarter, a drop in revenue related to printer supplies like ink and cartridges surprised investors, who had been expecting a gain, and caused a selloff in the stock.

The company said revenue from the printer-supplies business dropped 3% on year.

For the quarter ended April 30, HP's profit fell to $782 million, or 51 cents a share, from $1.06 billion, or 64 cents a share, a year earlier, when HP's earnings were boosted by a nonrecurring tax benefit.

Excluding acquisition and restructuring charges and after other adjustments, HP reported a profit of 53 cents a share, 2 cents higher than what analysts expected.

The company narrowed its projected profit range for the year. It now expects an adjusted profit of $2.14 to $2.21 a share, compared with a previous forecast of $2.12 to $2.22 a share.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
HP INC. -0.65% 16.85 Delayed Quote.-17.64%
ONE STOP SYSTEMS, INC. -2.30% 2.55 Delayed Quote.31.44%
share with twitter share with LinkedIn share with facebook
share via e-mail
1
Latest news on HP INC.
09:01aHP Survey Uncovers Secret Behaviors Behind Screen Creeping and Peeking, Revea..
GL
10/19MARK HURD : Oracle Co-CEO Mark Hurd Dies at 62 -- WSJ
DJ
10/18BOEING : Business Highlights
AQ
10/18Oracle Co-CEO Mark Hurd Dies -- 4th Update
DJ
10/18HP : Oracle CEO Mark Hurd dies at 62
AQ
10/16HP : DreamHack partner with OMEN by HP for DreamHack Open and DreamLeague in Rot..
AQ
10/14HP INC. : and Girl Rising Mark International Day of the Girl with Partnership to..
AQ
10/11HP INC. : and Girl Rising Mark International Day of the Girl with Partnership to..
AQ
10/11Software Upgrades Boost PC Sector -- WSJ
DJ
10/10PC Shipments Rose on Software Upgrades, Looming Tariffs
DJ
More news
Financials (USD)
Sales 2019 58 621 M
EBIT 2019 4 263 M
Net income 2019 3 481 M
Debt 2019 376 M
Yield 2019 3,77%
P/E ratio 2019 7,34x
P/E ratio 2020 8,53x
EV / Sales2019 0,43x
EV / Sales2020 0,42x
Capitalization 24 970 M
Chart HP INC.
Duration : Period :
HP Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HP INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 19,06  $
Last Close Price 16,85  $
Spread / Highest target 24,6%
Spread / Average Target 13,1%
Spread / Lowest Target -16,9%
EPS Revisions
Managers
NameTitle
Dion J. Weisler President, Chief Executive Officer & Director
Charles Victor Bergh Independent Chairman
Steven Fieler Chief Financial Officer
Shane D. Wall Chief Technology Officer
Shumeet Banerji Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HP INC.-17.64%24 970
DELL TECHNOLOGIES INC.2.05%36 138
HEWLETT PACKARD ENTERPRISE16.20%20 041
SEAGATE TECHNOLOGY PLC42.47%14 523
LENOVO GROUP LIMITED0.75%8 273
LOGITECH INTERNATIONAL S.A.27.59%6 660