HP Inc. (NYSE: HPQ) reported second quarter 2024 earnings results today.
Net revenue dipped nearly 1% to $12.8 billion compared to the same period a year ago.
GAAP net earnings decreased 42% to $607 million, or $0.61 per share, compared to last year. Adjusted EPS increased 4% to $0.82.
Revenue and earnings beat expectations, sending the stock climbing over 5% in aftermarket hours on Wednesday.
For the third quarter of 2024, HP expects GAAP EPS to be $0.63-0.77 and adjusted EPS to be $0.78-0.92. For fiscal year 2024, the company expects GAAP EPS of $2.60-2.90 and adjusted EPS of $3.30-3.60.