HP Inc: Q2 EPS down 26%
(CercleFinance.com) - On Tuesday evening, HP Inc announced adjusted EPS (non-GAAP) for Q2 2022-23 that is down 26% at $0.
80, towards the top end of its target range of $0.73-0.83, with an adjusted operating margin that is down 0.1 point at 8.7%. (PMT: -5.5%)
The hardware manufacturer's sales reached $12.9bn, down 21.7% as reported and down 18% at constant exchange rates, once again largely weighed on by its PC division.
For FY 2022-23, HP is tightening its target range for adjusted EPS to $3.30 to $3.50 (compared with $3.20 to $3.60 three months ago), and still aims for free cash flow of 3 to 3.5 billion dollars.
Copyright (c) 2023 CercleFinance.com. All rights reserved.