On Thursday, Hewlett-Packard Company (NYSE:HPQ)’s shares declined -3.13% to $27.58.
HP Declares Fiscal 2016 Financial Outlook for HP Inc.
- Estimates non-GAAP diluted EPS outlook for fiscal 2016 of $1.67 to $1.77 and GAAP diluted EPS for fiscal 2016 of $1.55 to $1.65
- Estimates fiscal 2016 free cash flow of $2.5 to $2.8 billion
- Anticipates to return up to 75% of fiscal 2016 annual free cash flow to shareholders through dividends and share repurchases
Recently at HP’s (NYSE: HPQ) 2015 Securities Analysts Meeting, the future HP Inc. leadership team offered details on the strategy for the company and opportunities for long-term growth, coupled with the financial outlook for the new company.
Fiscal 2016 outlook
Cathie Lesjak, who will become the Chief Financial Officer of HP Inc., offered the financial outlook for the new company in fiscal 2016. Lesjak acknowledged that markets are likely to remain tough for the next several quarters with continued competitive pricing in printing and soft demand in PCs. To offset these challenges, HP Inc.’s strategy will be to protect the core while focusing on accelerating in key areas, counting: business printing, graphics, commercial mobility, and services.
For fiscal 2016, the new company estimates non-GAAP diluted EPS to be in the range of $1.67 to $1.77 and estimates GAAP diluted EPS to be in the range of $1.55 to $1.65. Fiscal 2016 non-GAAP diluted EPS estimates exclude after-tax costs primarily related to restructuring and separation.
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to the government, health, and education sectors worldwide. The company’s Personal Systems segment offers commercial personal computers (PCs), consumer PCs, operate stations, thin clients, tablets, retail point-of-sale systems, calculators and other related accessories, software, support, and services for the commercial and consumer markets.
AK Steel Holding Corporation (NYSE:AKS)’s shares dropped -0.71% to $2.80.
AK Steel (AKS) said that it plans to release its third quarter 2015 financial results before the opening of trading on the New York Stock Exchange on Tuesday, October 27, 2015.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
At the end of Thursday’s trade, E I Du Pont De Nemours And Co (NYSE:DD)‘s shares dipped -0.68% to $48.08.
DuPont Microcircuit Materials (DuPont) was granted the 2015 Solar Industry Award in the photovoltaic (PV) Materials category for its DuPont(TM) Solamet(R) PV19x series of PV metallization pastes, designed to assist boost the power output of solar panels, lower overall system costs and improve the return on investments in solar energy systems. The company accepted the award during a ceremony held at the European PV Solar Energy Conference in Hamburg, Germany, this week.
Now in their 5th year, the Solar Industry Awards, organized by leading PV trade publication International Solar, recognize the whole value chain and the people, products and services that are innovating manufacturing and product approaches that have the potential to change the way we live.
DuPont(TM) Solamet(R) PV19x series photovoltaic metallization pastes are tailored to optimize the efficiency with which solar cells convert sunlight into electricity. Solamet(R) PV19A, the first product in the PV19x series, is a front side silver paste based on DuPont’s proprietary technology. It enhances the power output of solar cells by assisting to enable fine line printing and minimize shading on the surface of the solar cells, while maintaining superior electrical conductivity. It also is designed to offer wider processing latitude during manufacturing, which means cost savings result from higher yields, and tighter cell distribution is shifted toward higher efficiency.
DuPont is actively developing variants of the new Solamet(R) PV19x series aimed at boosting solar cell efficiencies even further.
E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides.
General Growth Properties Inc (NYSE:GGP), ended its Thursday’s trading session with 0.98% gain, and closed at $25.74.
General Growth Properties, Inc. (GGP) declared a new fall style guide featuring men’s and women’s apparel from GGP retailers and fall fashion advice from style blogger Amber Fillerup, creator of the blog Barefoot Blonde and popular YouTube personality. The 2015 guide is accessible online and features fall outfits, trends, tips, unique wardrobe looks and a video with fall trend advice from Amber.
Barefoot Blonde blogger Amber Fillerup shares original posts for GGP’s online Fall Fashion Guide, imparting the latest fall trends and expert tips on how to mix and match clothes, makeup and accessories to create new looks – stylishly and affordably. Amber also divulges her Top 11 “must-haves” in a “Fall Fashion Trend” video, showcasing her favorite looks to inspire shoppers to ramp up their fall looks this season. The guide also comprises fall fashion tips for men, as Amber’s husband, David, shares practical advice and tips for guys.
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls.
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