HP (NYSE:HPQ) Fiscal Q2 Adjusted Earnings, Revenue Decline; Tightens Guidance

HP (NYSE:HPQ) reported fiscal Q2 adjusted earnings  of $0.80 per share, down from $1.08 a year earlier.

Analysts polled by Capital IQ expected $0.76.

Revenue for the quarter ended April 30 was $12.91 billion, down from $16.49 billion a year earlier.

Analysts surveyed by Capital IQ expected $13.04 billion.

HP said it expects fiscal Q3 adjusted EPS of $0.81 to $0.91. Analysts polled by Capital IQ are looking for $0.86.

The company said it now expects fiscal 2023 adjusted EPS of $3.30 to $3.50. That compares with $3.20 to $3.60 previously. Analysts surveyed by Capital IQ are expecting $3.34.

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