HP reports EPS in-line, beats on revs; guides Q1 EPS below consensus; reaffirms FY17 EPS, in-line :
- Reports Q4 (Oct) earnings of $0.36 per share, in-line with the Capital IQ Consensus of $0.36; revenues rose 5.2% year/year to $12.51 bln vs the $11.88 bln Capital IQ Consensus.
- Personal Systems net revenue was up 4% year over year (up 5% in constant currency) with a 4.3% operating margin.
- Commercial net revenue increased 3% and Consumer net revenue increased 7%.
- Total units were up 5% with Notebooks units up 9% and Desktops units up 1%.
- Printing net revenue was down 8% year over year (down 6% in constant currency) with a 14.0% operating margin.
- Total hardware units were up 1% from the prior-year period, with Commercial hardware units up 10% and Consumer hardware units down 3%.
- Supplies net revenue was down 12% (down 10% in constant currency).
- Personal Systems net revenue was up 4% year over year (up 5% in constant currency) with a 4.3% operating margin.
- Co issues downside guidance for Q1, sees EPS of $0.35-0.38 vs. $0.38 Capital IQ Consensus Estimate.
- Co reaffirms guidance for FY17, sees EPS of $1.55-1.65 vs. $1.60 Capital IQ Consensus Estimate.
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