- HP (NYSE:HPQ) shares are down 5.2% aftermarket following Q4 results that beat revenue estimates but came in-line on EPS. Slight growth in the tightened PC market was offset by stalled Commercial hardware growth.
- Q1 guidance has EPS from $0.40 to $0.43 (consensus: $0.42) while FY18 guidance has EPs of $1.75 to $1.86 (consensus: $1.79).
- Personal Systems segment revenue was up 14% on the year in constant currency with a 3.8% operating margin. The segment broke down into a 11% Commercial revenue growth and 18% Consumer growth. Total units rose 6% with Notebooks +8% and Desktops +2%.
- Printer revenue was up 7% with a 16.6% operating margin. Total hardware was up 3% due to Consumer units since Commercial units were flat. Supplies revenue rose 11%.
- Financials: cash from operating activities, $3.7B; FCF, $0.4B; accounts receivable, $4.4B; inventory, $5.8B; accounts payable, $13.3B; cash and equivalents, $1.1B.
- Press release
- Previously: HP EPS in-line, beats on revenue (Nov. 21)
- Now read: Lenovo Group Ltd. ADR 2018 Q2 - Results - Earnings Call Slides
Original article