From Financial Modeling Prep: 2024-11-27 08:44:00

HP (NYSE:HPQ) beat Q4 earnings estimates with an adjusted EPS of $0.93 and revenue of $14.1 billion. Personal systems net revenue rose 9% to $11.5 billion, while printing net revenue increased 1% to $4.5 billion. However, weaker Q1 guidance of $0.70 to $0.76 EPS sent shares down over 8% in pre-market trading.

For fiscal 2025, HP expects adjusted EPS between $3.45 and $3.75 and free cash flow of $3.2 billion to $3.6 billion. Despite strong Q4 results, the lower-than-expected Q1 guidance disappointed investors, leading to a drop in share price. HP’s outlook for the upcoming quarter fell short of Wall Street estimates.



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