repeated efforts to buy the company. The most recent proposal from Xerox "meaningfully undervalues HP, creates significant risk, and compromises HP's future," HP said in a statement. HP said it's "reaching out to Xerox to explore if there is a combination that creates value for HP shareholders that is additive to HP's strategic and financial plan." Shares of Xerox were up 1% after hours.
With respect to guidance, HP said it expects 49 cents to 53 cents in earnings per share in the fiscal second quarter, excluding certain items. The middle of range, at 51 cents, is less than the 54 cents per share that analysts polled by Refinitiv had expected.
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