Investing.com - HP Inc (NYSE:HPQ) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
HP Inc announced earnings per share of $1 on revenue of $15.29B. Analysts polled by Investing.com anticipated EPS of $0.8376 on revenue of $15.87B.
HP Inc shares are up 18.42% from the beginning of the year, still down 19.11% from its 52 week high of $36.00 set on May 10. They are under-performing the S&P 500 which is up 19% from the start of the year.
HP Inc shares lost 1.99% in after-hours trade following the report.
HP Inc follows other major Technology sector earnings this month
HP Inc's report follows an earnings beat by Facebook on July 28, who reported EPS of $3.61 on revenue of $29.08B, compared to forecasts EPS of $3.04 on revenue of $27.85B.
NVIDIA had beat expectations on August 18 with second quarter EPS of $1.04 on revenue of $6.51B, compared to forecast for EPS of $1.02 on revenue of $6.33B.
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