HP Inc: Q4 EPS up 10%

(CercleFinance.com) - On Tuesday evening, HP Inc reported adjusted EPS (non-GAAP) for Q4 2022-23 that rose 9.
8% to $0.90, in line with its target range of $0.85-0.97, with an adjusted operating margin improving by 1.4 point to 9%.

The hardware maker's sales fell 6.5% to $13.8bn, including a 5% drop at constant exchange rates, with contractions in both its PC (-7%) and printer (-2%) businesses.

Posting adjusted EPS of $3.28 and FCF of $3.1bn for FY 2022-23, HP confirms its respective target ranges of $3.25-$3.65 and $3.1bn-$3.6bn for the year ahead.


Copyright (c) 2023 CercleFinance.com. All rights reserved.