- HP press release ( NYSE: HPQ ): Q1 Non-GAAP EPS of $0.75 in-line.
- Revenue of $13.83B (-18.8% Y/Y) misses by $340M .
- First quarter net cash used in operating activities of $(16) million, free cash flow of $(0.2) billion
- First quarter returned $0.4 billion to shareholders in the form of share repurchases and dividends.
- For the fiscal 2023 second quarter, HP estimates GAAP diluted net EPS to be in the range of $0.40 to $0.50 and non-GAAP diluted net EPS to be in the range of $0.73 to $0.83. Fiscal 2023 second quarter non-GAAP diluted net EPS estimates exclude $0.33 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, non-operating retirement-related (credits)/charges, tax adjustments and the related tax impact on these items.
- For fiscal 2023, HP reaffirms GAAP diluted net EPS to be in the range of $2.22 to $2.62 and non-GAAP diluted net EPS to be in the range of $3.20 to $3.60. Fiscal 2023 non-GAAP diluted net EPS estimates exclude $0.98 per diluted share. For fiscal 2023, HP anticipates generating free cash flow in the range of $3.0 to $3.5 billion.
- Shares +0.95% .
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HP Non-GAAP EPS of $0.75 in-line, revenue of $13.83B misses by $340M