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HP Inc's quarterly revenue falls 3.8 percent

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Reuters

(Reuters) - HP Inc's 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.

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)

 

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First Published: Aug 25 2016 | 1:44 AM IST

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