HP: Fiscal Q3 Earnings Snapshot

PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — HP Inc. (HPQ) on Wednesday reported fiscal third-quarter earnings of $661 million.

On a per-share basis, the Palo Alto, California-based company said it had profit of 71 cents. Earnings, adjusted for one-time gains and costs, were 83 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The personal computer and printer maker posted revenue of $15.68 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $14.85 billion.

For the current quarter ending in October, HP expects its per-share earnings to range from 69 cents to 79 cents.

The company expects full-year earnings in the range of $3.19 to $3.29 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HPQ at https://www.zacks.com/ap/HPQ