HP Inc. (HPQ) has announced a decrease in third-quarter profits compared to the same period last year, falling short of Wall Street expectations.The company’s net earnings amounted to $640 million, or $0.65 per share, down from $766 million, or $0.76 per share, in the third quarter of the previous year.Excluding special items, HP Inc. posted adjusted earnings of $819 million, or $0.83 per share.Analysts, on average, had projected earnings of $0.86 per share, according to data compiled by Thomson Reuters. Typically, these estimates exclude special items.The company’s revenue for the quarter increased by 2.4%, rising to $13.519 billion from last year’s $13.196 billion.### HP Inc. Earnings Summary (GAAP):- **Earnings (Q3):** $640 million vs. $766 million last year- **EPS (Q3):** $0.65 vs. $0.76 last year- **Revenue (Q3):** $13.519 billion vs. $13.196 billion last year### Guidance:- **Next Quarter EPS:** $0.89 to $0.99- **Full Year EPS:** $3.35 to $3.45The material has been provided by InstaForex Company – www.instaforex.com
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