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Oct 31, 2023
HP Q4 2023 Earnings Report
HP reported mixed results with EPS above outlook but revenue down year-over-year.
Key Takeaways
HP Inc. reported its fiscal year 2023 and fourth-quarter results, with Q4 net revenue at $13.8 billion, a 6.5% decrease year-over-year. The company's GAAP diluted net EPS for Q4 was $0.97, while non-GAAP diluted net EPS was $0.90. HP anticipates FY24 free cash flow between $3.1 to $3.6 billion.
Q4 GAAP diluted net EPS was $0.97, above the previously provided outlook.
Q4 non-GAAP diluted net EPS was $0.90, within the previously provided outlook.
Q4 net revenue was $13.8 billion, down 6.5% from the prior-year period.
HP is entering FY24 with a focus on profitable growth and cost reduction.
Revenue by Segment
Forward Guidance
For the fiscal 2024 first quarter, HP estimates GAAP diluted net EPS to be in the range of $0.60 to $0.70 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 $2.68 to $3.08 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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