2023-05-30 16:19:29 ET
- HP press release ( NYSE: HPQ ): Q2 Non-GAAP EPS of $0.80 beats by $0.04 .
- Revenue of $12.91B (-21.7% Y/Y) misses by $130M .
- Second quarter net cash provided by operating activities of $0.6 billion, free cash flow of $0.5 billion
- Second quarter returned $0.3 billion to shareholders in the form of dividends.
- Q3 Outlook: HP estimates GAAP diluted net EPS to be in the range of $0.61 to $0.71 and non-GAAP diluted net EPS to be in the range of $0.81 to $0.91 vs. consensus of $0.86. Fiscal 2023 third quarter non-GAAP diluted net EPS estimates exclude $0.20 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.
- 2023 Outlook: HP estimates GAAP diluted net EPS to be in the range of $2.91 to $3.11 and non-GAAP diluted net EPS to be in the range of $3.30 to $3.50 vs. consensus of $3.34. Fiscal 2023 non-GAAP diluted net EPS estimates exclude $0.39 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, debt extinguishment costs, non-operating retirement-related credits, tax adjustments and the related tax impact on these items. For fiscal 2023, HP anticipates generating free cash flow in the range of $3.0 to $3.5 billion.
- Shares +0.81% .
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HP Non-GAAP EPS of $0.80 beats by $0.04, revenue of $12.91B misses by $130M