HP Inc. (HPQ) Reports In-Line Q4 EPS; Offers Guidance

HP Inc. (NYSE: HPQ) reported Q4 EPS of $0.90, in-line with the analyst estimate of $0.90. Revenue for the quarter came in at $13.8 billion versus the consensus estimate of $13.82 billion.

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. Fiscal 2024 first quarter non-GAAP diluted net EPS estimates exclude $0.16 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, non-operating retirement-related credits, tax adjustments and the related tax impact on these items.

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. Fiscal 2024 non-GAAP diluted net EPS estimates exclude $0.57 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, non-operating retirement-related credits, tax adjustments and the related tax impact on these items. For fiscal 2024, HP anticipates generating free cash flow in the range of $3.1 to $3.6 billion.

For earnings history and earnings-related data on HP Inc. (HPQ) click here.

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