HP Inc. Reports Decreased Profit and Mixed Earnings for Q4

In a recent report, HP Inc. announced a decline in profit for the fourth quarter compared to the same period last year, aligning with analysts' expectations. The company's revenue, however, showed slight growth, indicating a mixed outcome for investors.

Date: 27-11-2024

AI Rating: 5

HP Inc. reported a profit of $906 million for the fourth quarter, a decrease from $974 million in the same period last year, reflecting a decline in Net Income. This drop in profit corresponds with the company's earnings per share (EPS) which also fell from $0.97 last year to $0.93 this quarter.

Despite the decrease in profit and EPS, the company experienced a revenue growth of 1.7%, rising to $14.055 billion from $13.817 billion the previous year. This trend shows some resilience in the company's performance, although the aspect of Profit Margins is still unclear from the provided data.

The company has issued guidance for next quarter's EPS in the range of $0.70 to $0.76. This forecast suggests a further decline in earnings expectations, which might concern investors.

Stocks: HPQ