Hewlett-Packard Company Earnings In Line With Estimates

0
Hewlett-Packard Company Earnings In Line With Estimates
1588877 / Pixabay

Hewlett-Packard Company (NYSE:HPQ) released its latest earnings report on Monday, posting earnings of $1.06 per share on $28.406 billion in revenue. Analysts had been expecting earnings of $1.06 per share on $28.67 billion in revenue. HP had guided for earnings of between $1.03 and $1.07 per share.

Play Quizzes 4

Key metrics from Hewlett-Packard’s earnings report

In their report dated Nov. 25, 2014, Stifel analysts Aaron Rakers, Joseph Quatrochi and Andrew Shinn said they believe the company’s latest quarterly report will be seen mostly as neutral by Wall Street. Gross margins improved slightly to 24.6%. Operating expenditures were slightly higher than their estimate, coming in at $4.24 billion, compared to Stifel’s estimate of $4.22 billion.

Is First Gen An Overlooked Power Play That Deserves A Re-Rating?

environmental 1651092002The post was originally published here. Highlights: Resolving gas supply issues ensures longevity A pioneer in renewable energy should be future proof Undemanding valuation could lead to re-rating Q1 2022 hedge fund letters, conferences and more

For the first fiscal quarter of 2015, Hewlett-Packard guided for non-GAAP earnings of between 89 cents and 93 cents per share. The Stifel team had been projecting earnings of 85 cents per share, while overall consensus estimates suggested earnings of 93 cents per share.

HP continues to generate strong free cash flow

The Stifel analysts note that Hewlett-Packard reported $1.89 billion in free cash flow during the fourth fiscal quarter. Total free cash flow for the 2014 fiscal year was $9.3 billion, compared to the previous year’s $9.1 billion. HP had initially guided for between$6 billion and $6.5 billion in free cash flow, although the company later increased that guide to about $9 billion.

Revenue from HP’s Enterprise Group was $7.27 billion, compared to Stifel’s estimate of $7.53 billion and Wall Street’s estimate of $7.51 billion. Revenue from the company’s Industry Standard Server segment declined 2.3% year over year to $3.37 billion. Storage revenue fell 7.8% year over year to $878 million, while BCS revenue plunged 29% year over year and networking revenue edged upward 2% to $669 million.

Technology Services revenue slipped 3% year over year to $2.1 billion, while Software revenue was $1.09 billion, beating Stifel’s estimate of $1.04 billion. Revenue from PCs was slightly behind Stifel’s estimate, coming in at $8.948 billion, compared to the firm’s estimate of $8.995 billion. Printing revenue was $5.74 billion, missing their estimate of $5.75 billion, while Enterprise Services revenue was $5.5 billion.

Updated on

Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com
Previous article BT Group In Exploratory Discussions With EE Limited
Next article Sterne Lashes PT On WTI Crude Oil

No posts to display