== HP (HPQ) reported earnings Tue 24 Nov 2015 (after close)

** charts before earnings **





** charts after earnings **

HP misses by $0.04, misses on revs; guides Q1 EPS below consensus; guides FY16 EPS in-line :

• Reports Q4 (Oct) earnings of $0.93 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus of $0.97; revenues fell 9.5% year/year to $25.71 bln vs the $26.72 bln Capital IQ Consensus.
• Co issues downside guidance for Q1, sees EPS of $0.33-0.38 vs. $0.42 Capital IQ Consensus Estimate.
• Co issues in-line guidance for FY16, sees EPS of 1.59-1.69 (Prior guidance $1.67-1.77) vs. $1.71 Capital IQ Consensus Estimate.
• The free cash flow outlook is updated to be $2.4 billion to $2.7 billion for fiscal 2016 (Prior $2.5-2.8 bln), down $100 million due to the payment of separation costs that moved from fiscal 2015 to fiscal 2016.

Reminder: HPQ split companies on November 1 (HPE is now the enterprise group). The 'prior' guidance was given during its Analyst Day.