HP reports EPS in-line, beats on revs; guides Q1 EPS in-line; guides FY19 EPS in-line (22.86 -0.57)
- Reports Q4 (Oct) earnings of $0.54 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $0.54; revenues rose 10.3% year/year to $15.37 bln vs the $15.13 bln S&P Capital IQ Consensus.
- Personal Systems net revenue was up 11% year over year (up 10% in constant currency) with a 3.8% operating margin. Both Commercial and Consumer net revenue increased 11%. Total units were up 6% with Notebooks units up 8% and Desktops units up 2%.
- Printing net revenue was up 9% year over year (up 8% in constant currency) with a 16.1% operating margin. Total hardware units were up 11% with Commercial hardware units up 85% and Consumer hardware units up 3%. Supplies net revenue was up 7% (up 6% in constant currency).
- Co issues in-line guidance for Q1, sees EPS of $0.50-0.53, excluding non-recurring items, vs. $0.52 S&P Capital IQ Consensus.
- Fiscal 2019 first quarter non-GAAP diluted net EPS estimates exclude $0.04 per diluted share, primarily related to restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related credits/(charges), tax adjustments and the related tax impact on these items.
- Co issues in-line guidance for FY19, sees EPS of $2.12-2.22, excluding non-recurring items, vs. $2.18 S&P Capital IQ Consensus.
- Fiscal 2019 non-GAAP diluted net EPS estimates exclude $0.08 per diluted share, primarily related to restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related credits/(charges), tax adjustments and the related tax impact on these items