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Shares of HP Inc. (HPQ) - Get HP Inc. Report were higher in after-hours trading as the computer and printer maker reported fiscal fourth-quarter net income per share fell 71% on 0.3% higher revenue.

The Palo Alto, California, company earned 26 cents a share in the quarter ended Oct. 31, compared with 91 cents in the year-earlier quarter. Adjusted earnings for the latest quarter were 60 cents versus 54 cents.

Revenue reached $15.41 billion from $15.37 billion.

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A survey of analysts by FactSet produced consensus estimates of earnings of 51 cents a share, or an adjusted 58 cents, on revenue of $15.27 billion.

For the fiscal 2020 first quarter, HP projects GAAP net income of 39 cents to 42 cents a share, or an adjusted 53 cents to 56 cents. The survey of analysts by FactSet estimates 53 cents a share.

For all of fiscal 2020, HP estimates it will earn $2 to $2.10 a share, or an adjusted $2.24 to $2.32. The survey is looking for $2.22.

HP is facing a proxy challenge from imaging peer Xerox (XRX) - Get Xerox Holdings Corporation Report , which wants to negotiate a combination. 

In after-hours trading HP shares were up less than 2%. They'd closed the regular session off 0.5% at $20.06.