Did Hewlett-Packard Beat Analyst Estimates in 2Q17?
Revenue in fiscal 2Q17
Consumer tech (QQQ) firm Hewlett-Packard (HPQ) announced its fiscal 2Q17 results on May 24, 2017. HP reported revenue of $12.4 billion in fiscal 2Q17 with non-GAAP (generally accepted accounting principles) EPS (earnings per share) of $0.40. HP’s revenue rose 7% YoY (year-over-year). The firm wasn’t impacted by currency fluctuations during the quarter. HP’s EPS also came in at the higher end of the company’s guidance of $0.37–$0.40 in fiscal 2Q17.
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During its fiscal 2Q17 earnings call, HP president and CEO, Dion Weisler, stated: “We’re delivering solid performance across our portfolio, in all regions, and on key financial metrics. Our team is taking profitable share, out-executing our competitors and delivering some of the best innovation in HP’s history.”
HP reported a revenue rise for the third consecutive quarter in fiscal 2Q17.
What did analysts expect from HP in fiscal 2Q17?
Analysts expected HP to post revenue of $11.9 billion with an average EPS estimate of $0.39 in fiscal 2Q17. HP stock rose 3% on May 24, 2017, in after-hours trading to $19.01, as the firm beat revenue estimates by 4.2% and earnings estimates by 2.6%.
In the next few articles, we’ll look at the performance of HP’s Personal Systems and Printing segments in fiscal 2Q17.