According to data from Benzinga Pro, in the third quarter, HP (NYSE: HPQ) revenue was $1.41 billion, an increase of 2.41% from the previous quarter. HP's sales fell to $15.29 billion, a change of 3.7% since the second quarter. In the second quarter, HP brought in 15.88 billion U.S. dollars in sales, but only earned 1.37 billion U.S. dollars.
Revenue data without context is unclear and difficult to use as a basis for trading decisions. Return on invested capital (ROIC) helps filter noise signals by measuring the annual pre-tax profit relative to the company's invested capital. Generally speaking, a higher ROIC indicates the company's successful growth and is a sign of higher earnings per share in the future. In the third quarter, HP announced a return on investment of 46.09%.
It is important to remember that ROIC evaluates past performance and is not used as a predictive tool. This is a good indicator of the company's recent performance, but it does not consider factors that may affect recent earnings and sales.
Revenue data without context is unclear and difficult to use as a basis for trading decisions. Return on invested capital (ROIC) helps filter noise signals by measuring the annual pre-tax profit relative to the company's invested capital. Generally speaking, a higher ROIC indicates the company's successful growth and is a sign of higher earnings per share in the future. In the third quarter, HP announced a return on investment of 46.09%.
It is important to remember that ROIC evaluates past performance and is not used as a predictive tool. This is a good indicator of the company's recent performance, but it does not consider factors that may affect recent earnings and sales.
For HP, a positive return on invested capital of 46.09% indicates that management is effectively allocating its capital. Effective capital allocation is a positive indicator, indicating that the company will achieve more lasting success and favorable long-term returns.
HP reported earnings per share for the third quarter of 1.0 US dollars, higher than analysts' expectations of 0.84 US dollars per share.
This article was generated by Benzinga's automated content engine and reviewed by the editor.
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