PALO ALTO (FFN) – The profit of American personal computer (PC) and printer manufacturer HP Inc. declined in the third quarter of the current fiscal year, falling short of market expectations, according to a report by RTTNews.
HP’s profit decreased to $640 million USD (€575.7 million EUR) or 65 cents per share, down from $766 million USD or 76 cents per share in the same period last year. The adjusted profit was $819 million USD or 83 cents per share, while analysts had expected a profit of 86 cents per share.
However, revenue increased by 2.4% year-over-year, rising to $13.519 billion USD from $13.196 billion USD.
| Indicator | Q3 Last Year | Q3 This Year |
|---|---|---|
| Profit | $766M | $640M |
| Earnings Per Share (EPS) | $0.76 | $0.65 |
| Adjusted Profit | – | $819M |
| Adjusted EPS | – | $0.83 |
| Revenue | $13.196B | $13.519B |
Key Words: HP Inc., profit, earnings per share, revenue, RTTNews, market expectations.
