HP Inc. (HPQ) announced its fourth-quarter financial results, reporting a decrease in profit compared to the same period last year, aligning with market expectations.
The company posted a net income of $906 million, translating to earnings of $0.93 per share. This is a decline from last year's figures, which stood at $974 million, or $0.97 per share.
On an adjusted basis, which excludes certain items, HP Inc.'s earnings were $900 million, maintaining the per-share earnings at $0.93. Analysts, as surveyed by Thomson Reuters, had forecasted earnings of $0.93 per share, excluding any special items.
Revenue for the quarter saw a 1.7% increase, totaling $14.055 billion, up from $13.817 billion in the previous year.
HP Inc.'s fourth-quarter financial summary (GAAP) is as follows:
- Net Income: $906 million, compared to $974 million last year.
- Earnings Per Share (EPS): $0.93, down from $0.97 last year.
- Revenue: $14.055 billion, up from $13.817 billion last year.
**Outlook:** The company projects its EPS for the next quarter to be in the range of $0.70 to $0.76.
