Categories AlphaGraphs, Earnings, Technology
Earnings Infographic: How HP Inc. (HPQ) performed in Q1 2023
Computer hardware company HP, Inc. (NYSE: HPQ) on Tuesday reported a decrease in first-quarter earnings and revenues as demand conditions remained unfavorable.
First-quarter earnings, adjusted for special items, dropped to $0.75 per share from $1.10 per share in the corresponding period of last year. On a reported basis, earnings decreased to $0.5 billion or $0.49 per share from $1.1 billion or $0.99 per share in the first quarter of 2022.
Check this space to read management/analysts’ comments on HP’s Q1 report
At $13.8 billion, revenues were down 18.8% in the first three months of fiscal 2023. Net cash used in operating activities was $(16) million in the first quarter, and free cash flow came in at $(0.2) billion.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
BK Earnings: Bank of New York Mellon Q3 2024 earnings climb on higher revenues
The Bank of New York Mellon Corporation (NYSE: BK) on Friday said its adjusted earnings increased in the third quarter of 2024. The financial service provider's assets under management and
BLK Earnings: BlackRock reports better-than-expected Q3 2024 results
Asset management company BlackRock, Inc. (NYSE: BLK) on Friday reported higher revenues and adjusted profit for the third quarter of 2024, which also came in above Wall Street's projections. Third-quarter
JPM Earnings: Key quarterly highlights from JPMorgan’s Q3 2024 financial results
JPMorgan Chase & Co. (NYSE: JPM) reported its third quarter 2024 earnings results today. Reported net revenue increased 7% year-over-year to $42.6 billion. Managed revenue rose 6% to $43.3 billion.
