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11/24/2020, 10:10 PM (Source: TeleTrader)
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HP's Q4 EPS skyrockets 88% YoY to $0.49

HP Inc. announced on Tuesday that its GAAP diluted net earnings per share (EPS) stood at $0.49 in the fourth quarter of fiscal 2020, representing a surge of 88% compared to the same period a year ago.

Net revenue amounted to $15.3 billion in the fourth three month period, marking a 1% decline from the same trimester last year. The company's net earnings stood at $668 million, up 72% compared to the fourth quarter of 2019.

For the entire 2020, net revenue was $56.6 billion, a figure 3.6% lower than in 2019. Net earnings amounted to $2.8 billion in 2020, losing 10% in comparison to the previous year, while diluted earnings per share decreased by 3% to $2.00 in the 12-month period ending with October 31, 2020.

HP's shares jumped 6.07% in after-hours trading following the release of the report.

Breaking the News / MS