HP reports EPS in-line, beats on revs; guides Q3 EPS in-line; guides FY18 EPS in-line (21.32 -0.58)
- Reports Q2 (Apr) earnings of $0.48 per share, in-line with the Capital IQ Consensus of $0.48; revenues rose 12.9% year/year to $14 bln vs the $13.57 bln Capital IQ Consensus.
- Operating margin was 7.4% compared to 7.6% in year ago quarter.
- Q2 free cash flow was $937 million.
- Co issues in-line guidance for Q3, sees EPS of $0.49-$0.52 vs. $0.49 Capital IQ Consensus Estimate.
- Co issues in-line guidance for FY18, sees EPS of $1.97-$2.02 vs. $1.97 Capital IQ Consensus Estimate. In addition, HPQ anticipates generating free cash flow of at least $3.7 billion for FY18.