HP Q3 2020 Earnings Report
Key Takeaways
HP Inc. reported fiscal 2020 third quarter results with net revenue of $14.3 billion, a decrease of 2.1% year-over-year. GAAP diluted net EPS was $0.52, and non-GAAP diluted net EPS was $0.49. The company generated $1.6 billion in free cash flow and returned $1.2 billion to shareholders through share repurchases and dividends.
Third quarter GAAP diluted net earnings per share ("EPS") of $0.52, above the previously provided outlook of $0.35 to $0.41 per share
Third quarter non-GAAP diluted net EPS of $0.49, above the previously provided outlook of $0.39 to $0.45 per share
Third quarter net revenue of $14.3 billion, down 2.1% from the prior-year period
Third quarter net cash from operating activities of $1.7 billion, free cash flow of $1.6 billion
HP
HP
HP Revenue by Segment
Forward Guidance
For the fiscal 2020 fourth quarter, HP estimates GAAP diluted net EPS to be in the range of $0.32 to $0.36 and non-GAAP diluted net EPS to be in the range of $0.50 to $0.54. HP also estimates fiscal 2020 free cash flow to be in the range of $2.5 to $3.0 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income