Investing.com - HP Inc (NYSE:HPQ) reported first quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.52 on revenue of $14.71B. Analysts polled by Investing.com forecast EPS of $0.52 on revenue of $14.88B. That compared to EPS of $0.48 on revenue of $14.52B in the same period a year earlier. The company had reported EPS of $0.54 on revenue of $15.37B in the previous quarter.
HP Inc shares lost 13.08% to trade at $20.73 in after-hours trade following the report.
HP Inc shares lost 13.08% to trade at $20.73 in after-hours trade following the report.
For the year, HP Inc shares are up 16.57%, outperforming the S&P 500 which is up 12.73% year to date.
HP Inc follows other major Technology sector earnings this month
On Wednesday, January 30, 2019, Microsoft reported second quarter EPS of $1.1 on revenue of $32.47B, compared to forecasts of EPS of $1.09 on revenue of $32.47B.
Apple earnings beat analyst's expectations on Tuesday, January 29, 2019, with first quarter EPS of $4.18 on revenue of $84.31B. Investing.com analysts expected EPS of $4.17 on revenue of $83.97B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar