HP Inc. (HPQ) Tops Q1 EPS by 26c, Offers Q2 and FY Guidance

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HP Inc. Reports Fiscal 2021 First Quarter Results

February 25, 2021 2:54 PM EST

PALO ALTO, Calif., Feb. 25, 2021 (GLOBE NEWSWIRE) --

First quarter GAAP diluted net earnings per share ("EPS") of $0.83, above the previously provided outlook of $0.58 to $0.64 per shareFirst quarter non-GAAP diluted net EPS of $0.92, above the previously provided outlook of $0.64 to $0.70 per shareFirst quarter net revenue of $15.6 billion, up 7.0% from the prior-year periodFirst quarter net cash provided by operating activities of $1.0 billion, free cash flow of $0.9 billionFirst quarter returned $1.6 billion to shareholders in the form of share repurchases and dividends  HP Inc.'s fiscal 2021 first quarter financial performance  Q1 FY21 Q1 FY20 Y/YGAAP net revenue ($B)$15.6 $14.6 7.0%GAAP operating margin 8.4%  5.9% 2.5 ptsGAAP net earnings ($B)$1.1 $0.7 58%GAAP diluted net EPS$0.83 $0.46 80%Non-GAAP operating margin 9.4%  8.1% 1.3 ptsNon-GAAP net earnings ($B)$1.2 $1.0 24%Non-GAAP diluted net... More