American Airlines (NASDAQ:AAL) Raises 2Q Adj Profit Outlook

American Airlines (NASDAQ:AAL) expects its adjusted earnings for the current quarter to come in higher than previously expected, lifted by lower fuel costs and strong demand in the spring quarter. The company said it now expects second-quarter adjusted earnings of $1.45 a share to $1.65 a share, up from guidance offered in April for an adjusted profit of $1.20 a share to $1.40 a share. The second quarter typically ends around June 30. Revenue per available seat mile — an industry metric used to gauge efficiency — is now expected to fall 1% to 3% from the same quarter last year, compared with prior guidance for a drop of 2% to 4%. Average fuel price for the quarter is expected to be $2.55 a gallon to $2.65 a gallon, down from a previous range of $2.65 a gallon to $2.75 a gallon.

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HP (NYSE:HPQ) Fiscal Q2 Adjusted Earnings, Revenue Decline; Tightens Guidance

HP (NYSE:HPQ) reported fiscal Q2 adjusted earnings  of $0.80 per share, down from $1.08 a year earlier. Analysts polled by Capital IQ expected $0.76. Revenue for the quarter ended April 30 was $12.91 billion, down from $16.49 billion a year earlier. Analysts surveyed by Capital IQ expected $13.04 billion. HP said it expects fiscal Q3 adjusted EPS of $0.81 to $0.91. Analysts polled by Capital IQ are looking for $0.86. The company said it now expects fiscal 2023 adjusted EPS of $3.30 to $3.50. That compares with $3.20 to $3.60 previously. Analysts surveyed by Capital IQ are expecting $3.34.

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HP (NYSE:HPQ) Revises FY23 Outlook, Issues 3Q Guidance

HP (NYSE:HPQ)  For the fiscal 2023 third quarter, HP estimates GAAP diluted net EPS to be in the range of $0.61 to $0.71 and non-GAAP diluted net EPS to be in the range of $0.81 to $0.91. Fiscal 2023 third quarter non-GAAP diluted net EPS estimates exclude $0.20 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, non-operating retirement-related credits, tax adjustments and the related tax impact on these items. HP (NYSE:HPQ)  For fiscal 2023, HP estimates GAAP diluted net EPS to be in the range of $2.91 to $3.11 and non-GAAP diluted net EPS to be in the range of $3.30 to $3.50. Fiscal 2023 non-GAAP diluted net EPS estimates exclude $0.39 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, debt extinguishment costs, non-operating retirement-related credits, tax adjustments and the

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