Reuters

(Reuters)

HP Revenue Slips on Weaker Demand for Printers

Earnings Reuters

HP Inc's <HPQ.N> quarterly revenue fell 3.8 percent, the third straight quarter of decline since the company was split off from the former Hewlett-Packard Co, as demand slid further for its printers.

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HP's net earnings from continuing operations rose to $843 million, or 49 cents per share, in the third quarter ended July 31 from $700 million, or 39 cents per share, a year earlier.

Total revenue fell to $11.89 billion from $12.36 billion.

HP forecast adjusted earnings of 34-37 cents per share from continuing operations for the fourth quarter.

 

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Kirti Pandey)