Hp: Fiscal Q1 Earnings Snapshot

PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — HP Inc. (HPQ) on Wednesday reported fiscal first-quarter earnings of $622 million.

The Palo Alto, California-based company said it had net income of 62 cents per share. Earnings, adjusted for one-time gains and costs, were 81 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 81 cents per share.

The personal computer and printer maker posted revenue of $13.19 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $13.6 billion.

For the current quarter ending in April, HP expects its per-share earnings to range from 76 cents to 86 cents.

The company expects full-year earnings in the range of $3.25 to $3.65 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HPQ at https://www.zacks.com/ap/HPQ