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HPQ — HP News Story

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PREVIEW: HP shares edge up; results due after the closing bell

** Shares of HP Inc  HPQ.N  are up 0.1% in afternoon trading on
Tuesday, with the company seen reporting higher rev and EPS in
its qtrly results due after the closing bell
    ** The PC and printer maker is expected to post Q1 rev of
$13.94 bln vs $13.50 bln in the yr ago period, and adjusted EPS
of 76c vs 74c a yr ago, per LSEG
    ** The company has beaten or met analysts' earnings
expectations in six of the past eight reporting periods, based
on LSEG data
** HP earlier this month named Bruce Broussard as its interim
CEO, succeeding Enrique Lores, who stepped down as president and
CEO and as a member of the board to pursue another professional
opportunity
    ** Wall Street's median 12-mo price target for HP is $22;
the stock was last at $18.37
    ** Analyst recommendations on the stock include four "strong
buy" or "buy" ratings, nine "hold" ratings and six "sell" or
"strong sell" ratings
    ** HPQ is down 17.6% YTD compared with a roughly 0.5% gain
in the S&P 500  .SPX  in that period
     

(Reporting by Caroline Valetkevitch )
((caroline.valetkevitch@thomsonreuters.com))

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