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Jan 31, 2024
HP Q1 2024 Earnings Report
HP reported solid earnings growth in Q1 2024, reflecting progress against its Future Ready plan.
Key Takeaways
HP Inc. reported a net revenue of $13.2 billion, a 4.4% decrease year-over-year. The company's GAAP diluted net EPS was $0.62, and non-GAAP diluted net EPS was $0.81. HP generated $25 million in free cash flow and returned $0.8 billion to shareholders through share repurchases and dividends.
GAAP diluted net EPS was $0.62, within the previously provided outlook.
Non-GAAP diluted net EPS was $0.81, also within the provided outlook.
Net revenue was $13.2 billion, down 4.4% from the prior-year period.
Free cash flow was $25 million.
Revenue by Segment
Forward Guidance
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. 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. For fiscal 2024, HP anticipates generating free cash flow in the range of $3.1 to $3.6 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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