PALO ALTO, Calif. (AP) _ HP Inc. (HPQ) on Tuesday reported fiscal fourth-quarter profit of $3.1 billion.

The Palo Alto, California-based company said it had net income of $2.71 per share. Earnings, adjusted for one-time gains and costs, were 94 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The personal computer and printer maker posted revenue of $16.68 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $15.36 billion.

For the year, the company reported profit of $6.5 billion, or $5.33 per share. Revenue was reported as $63.49 billion.

For the current quarter ending in February, HP expects its per-share earnings to range from 99 cents to $1.05.

The company expects full-year earnings in the range of $4.07 to $4.27 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HPQ at https://www.zacks.com/ap/HPQ

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