Categories AlphaGraphs, Earnings, Technology

HP Earnings: All you need to know about HP Inc.’s Q1 2024 earnings results

HP Inc. (NYSE: HPQ) reported first quarter 2024 earnings results today.

Net revenue of $13.2 billion was down 4.4% from the same period a year ago.

GAAP net earnings were $622 million, or $0.62 per share, compared to $469 million, or $0.47 per share, last year. Adjusted EPS increased 11% to $0.81.

Revenue missed expectations while earnings came in line with estimates.

For the second quarter of 2024, HP expects GAAP EPS of $0.58-0.68 and adjusted EPS of $0.76-0.86. For fiscal year 2024, GAAP EPS is expected to be $2.61-3.01 and adjusted EPS is expected to be $3.25-3.65.

The stock fell over 3% in aftermarket hours on Wednesday, following the announcement.

Prior performance

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates

Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core

AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results

American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher

Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers

Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top