HP reports EPS in-line, beats on revs; guides Q1 EPS in-line; guides FY18 EPS in-line (22.46 +0.34)
- Reports Q4 (Oct) earnings of $0.44 per share, in-line with the Capital IQ Consensus of $0.44; revenues rose 11.3% year/year to $13.93 bln vs the $13.36 bln Capital IQ Consensus.
- Personal Systems net revenue was up 13% year over year (up 14% in constant currency) with a 3.8% operating margin.
- Commercial net revenue increased 11% and Consumer net revenue increased 18%.
- Total units were up 6% with Notebooks units up 8% and Desktops units up 2%.
- Printing net revenue was up 7% year over year (up 7% in constant currency) with a 16.6% operating margin.
- Total hardware units were up 3% with Commercial hardware units flat and Consumer hardware units up 3%. Supplies net revenue was up 10% (+11% ex-FX).
- Co issues in-line guidance for Q1, sees EPS of $0.40-0.43, excluding non-recurring items, vs. $0.42 Capital IQ Consensus Estimate.
- Co issues in-line guidance for FY18, sees EPS of $1.75-1.85, excluding non-recurring items, vs. $1.79 Capital IQ Consensus Estimate.