Earnings Infographic: Highlights of HP’s (HPQ) Q3 2023 report

HP, Inc. (NYSE: HPQ) on Tuesday reported a decline in earnings for the third quarter of 2023 when the computer hardware firm’s revenues dropped due to weak demand. Third-quarter profit, excluding special items, decreased to $0.86 per share from $1.03 per share in the comparable period of last year. On a reported basis, net income […]

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August 29, 2023 1 min read

HP, Inc. (NYSE: HPQ) on Tuesday reported a decline in earnings for the third quarter of 2023 when the computer hardware firm’s revenues dropped due to weak demand. Third-quarter profit, excluding special items, decreased to $0.86 per share from $1.03 per share in the comparable period of last year. On a reported basis, net income […]

HP, Inc. (NYSE: HPQ) on Tuesday reported a decline in earnings for the third quarter of 2023 when the computer hardware firm’s revenues dropped due to weak demand.

HP, Inc. Q3 2023 earnings infographic

Third-quarter profit, excluding special items, decreased to $0.86 per share from $1.03 per share in the comparable period of last year. On a reported basis, net income was $766 million or $0.76 per share in Q3, compared to $1.05 billion or $1.08 per share last year.

At $13.20 billion, revenues were down 10% during the three-month period. Revenues of the main operating segments — Personal Systems and Printing — declined in the July quarter.