PALO ALTO, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)
- Third quarter GAAP diluted net earnings per share ("EPS") of $0.65, within the previously provided outlook of $0.63 to $0.77 per share
- Third quarter non-GAAP diluted net EPS of $0.83, within the previously provided outlook of $0.78 to $0.92 per share
- Third quarter net revenue of $13.5 billion, up 2.4% from the prior-year period
- Third quarter net cash provided by operating activities of $1.4 billion, free cash flow of $1.3 billion
- Third quarter returned $0.9 billion to shareholders in the form of share repurchases and dividends
- Share repurchase authorization increased to $10.0 billion
| HP Inc.'s fiscal 2024 third quarter financial performance | ||||||||||
| Q3 FY24 | Q3 FY23 | Y/Y | ||||||||
| GAAP net revenue ($B) | $ | 13.5 | $ | 13.2 | 2.4 | % | ||||
| GAAP operating margin | 7.0% | 7.2% | (0.2 | ) pts | ||||||
| GAAP net earnings ($B) | $ | 0.6 | $ | 0.8 | (16 | )% | ||||
| GAAP diluted net EPS | $ | 0.65 | $ | 0.76 | (14 | )% | ||||
| Non-GAAP operating margin | 8.1% | 8.8% | (0.7 | ) pts | ||||||
| Non-GAAP net earnings ($B) | $ | 0.8 | $ | 0.9 | (5 | )% | ||||
| Non-GAAP diluted net EPS | $ | 0.83 | $ | 0.86 | (3 | )% | ||||
| Net cash provided by operating activities ($B) | $ | 1.4 | $ | 1.0 | 46 | % | ||||
| Free cash flow ($B) | $ | 1.3 | $ | 0.9 | 50 | % | ||||
