Analyzing Hewlett-Packard’s Performance in Fiscal 3Q17
Hewlett-Packard’s revenue rose
US-based (SPY) consumer tech (QQQ) firm Hewlett-Packard (HPQ) announced its fiscal 3Q17 results on August 23, 2017. Hewlett-Packard reported revenue of $13.06 billion in fiscal 3Q17—a rise of 10% YoY (year-over-year) from $11.9 billion in fiscal 3Q16. Its revenue rose 11% YoY on a constant currency basis in fiscal 3Q17—the quarter ending in July 2017.
Interested in COMP-INDEX? Don't miss the next report.
Receive e-mail alerts for new research on COMP-INDEX
The company’s non-GAAP (generally accepted accounting principles) EPS (earnings per share) in fiscal 3Q17 was $0.43—at the higher end of Hewlett-Packard’s guidance of $0.40–$0.43.
During Hewlett-Packard’s fiscal 3Q17 earnings call, CEO Dion Weisler said, “It was another outstanding quarter, showcasing strong execution of our strategy. I’m very pleased with our sustained performance and continued momentum.”
Hewlett-Packard hasn’t reported revenue growth in the last four consecutive quarters despite the slowing PC market.
What did analysts expect?
In fiscal 3Q17, analysts expected Hewlett-Packard to post revenue of $12.3 billion. Analysts gave a high revenue estimate of $12.9 billion and a low estimate of $11.9 billion. Analysts expected the firm to post revenue of $0.42. Hewlett-Packard was 6% higher than the revenue estimate and 2.4% higher than the EPS estimate in fiscal 3Q17.