Company news: HP Inc. (HPQ) quarterly earnings match analysts' forecasts

HP Inc. (HPQ) reported Q1 FY2023 earnings of $0.75 per share (versus $1.10 per share in Q1 FY2022), matching analysts’ consensus estimate of $0.75 per share.

The company’s quarterly revenues amounted to $13.828 bln (-18.8% y/y), missing analysts’ consensus estimate of $14.168 bln.

HPQ rose to $30.00 (+1.63%) in pre-market trading.