HP Inc. Earnings Retreat 25% In Q1

(RTTNews) - HP Inc. (HPQ) announced a profit for first quarter that fell compared to the same period last year.

The company said its earnings dropped to $0.6 billion, or $0.36 per share. This was lower than $0.8 billion, or $0.41 per share, in last year's first quarter.

The company said revenue for the quarter fell 12.2% to $12.2 billion. This was down from $13.9 billion last year.

HP Inc. earnings at a glance:

-Earnings (Q1): $0.6 Bln. vs. $0.8 Bln. last year. -Earnings Decline (Y-o-Y): -25.0% -EPS (Q1): $0.36 vs. $0.41 last year. -EPS Decline (Y-o-Y): -12.2% -Revenue (Q1): $12.2 Bln vs. $13.9 Bln last year. -Revenue Change (Y-o-Y): -12.2%

-Guidance: Next quarter EPS guidance: $0.35 - $0.40 Full year EPS guidance: $1.59 - $1.69