HP Inc. (HPQ) Reports In-Line Q1 EPS, Revenue Misses, Offers Guidance

HP Inc. (NYSE: HPQ) reported Q1 EPS of $0.81, in-line with the analyst estimate of $0.81. Revenue for the quarter came in at $13.2 billion versus the consensus estimate of $13.57 billion.

GUIDANCE:

HP Inc. sees Q2 2024 EPS of $0.76-$0.86, versus the consensus of $0.81.

• For the fiscal 2024 second quarter, HP estimates GAAP diluted net EPS to be in the range of $0.58 to $0.68 and non-GAAP diluted net EPS to be in the range of $0.76 to $0.86. Fiscal 2024 second quarter non-GAAP diluted net EPS estimates exclude $0.18 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 Inc. sees FY2024 EPS of $3.25-$3.65, versus the consensus of $3.45.

• For fiscal 2024, HP estimates GAAP diluted net EPS to be in the range of $2.61 to $3.01 and non-GAAP diluted net EPS to be in the range of $3.25 to $3.65. Fiscal 2024 non-GAAP diluted net EPS estimates exclude $0.64 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. For fiscal 2024, HP anticipates generating free cash flow in the range of $3.1 to $3.6 billion.

For earnings history and earnings-related data on HP Inc. (HPQ) click here.

You May Also Be Interested In

• RH (RH) Tops Q1 EPS by 12c
• Oracle (ORCL) Tops Q4 EPS by 16c, Offers Guidance
• Vera Bradley (VRA) Misses Q1 EPS by 26c ; Offers Guidance