earnings
confidence high
sentiment neutral
materiality 0.75
HP Q3 revenue up 2.4% to $13.5B; GAAP EPS $0.65, non-GAAP $0.83; $10B buyback authorized
HP INC
2024-Q3 EPS reported
$1.88
revenue$39,504,000,000
- Net revenue $13.5B, +2.4% YoY; GAAP EPS $0.65 (guidance $0.63-$0.77); non-GAAP EPS $0.83 (guidance $0.78-$0.92).
- GAAP net earnings $0.6B (-16% YoY); non-GAAP net earnings $0.8B (-5%).
- GAAP operating margin 7.0% (down 0.2 pts); non-GAAP margin 8.1% (down 0.7 pts).
- Free cash flow $1.3B, +50% YoY; returned $0.9B to shareholders via buybacks and dividends.
- Board increased share repurchase authorization to $10.0B total, with no expiration date.