HP Inc's (NYSE: HPQ) third-quarter revenue decreased 4.1% year-over-year to $14.7 billion, which missed average analyst estimates. The company reported quarterly earnings of $1.04 per share, which was in line with average analyst estimates.
Barclays analyst Tim Long reiterated an Underweight and price target of $27. HPQ missed 3Q revenue on faltering demand across PC and Print, while buybacks aided in-line EPS. HPQ cut FY22 EPS and FCF by a wide margin.
