.August 29, 2024 3:57 PM

HP Inc. (NYSE:HPQ) reported third-quarter earnings below analyst expectations, but revenue exceeded estimates, showing growth. Adjusted EPS was $0.83, missing the $0.86 consensus, while revenue rose 2.4% to $13.52 billion, beating the expected $13.37 billion. The Personal Systems segment revenue increased by 5% to $9.4 billion, while the Printing segment saw a 3% decline to $4.1 billion. CEO Enrique Lores highlighted revenue growth and the launch of their next-generation AI PC lineup. HP’s fourth-quarter adjusted EPS forecast is $0.89 to $0.99, below the $0.95 estimate, with full-year 2024 adjusted EPS guidance at $3.35 to $3.45.