HP Inc. Q1 adjusted earnings Inline With Estimates

(RTTNews) - HP Inc. (HPQ) announced earnings for first quarter that dropped from last year.

The company's profit totaled $0.8 billion, or $0.51 per share. This compares with $1.9 billion, or $1.16 per share, in last year's first quarter.

Excluding items, HP Inc. reported adjusted earnings of $0.8 billion or $0.52 per share for the period.

Analysts had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.4% to $14.7 billion from $14.5 billion last year.

HP Inc. earnings at a glance:

-Earnings (Q1): $0.8 Bln. vs. $0.8 Bln. last year. -EPS (Q1): $0.52 vs. $0.48 last year. -Analysts Estimate: $0.52 -Revenue (Q1): $14.7 Bln vs. $14.5 Bln last year.

-Guidance: Next quarter EPS guidance: $0.50 - $0.53 Full year EPS guidance: $2.12 - $2.22