HP: EPS down 9% in Q1
(CercleFinance.com) - HP has announced Q1 2024-25 adjusted EPS (non-GAAP) that fell 9% to $0.
74, in line with its target range of $0.70-0.76, with an adjusted operating margin down 1.1 point to 7.3%.
The hardware manufacturer's sales rose by 2.4% to $13.5bn (+3.3% at constant exchange rates), with growth in PCs more than offsetting a slight decline in printers.
With free cash flow of $0.1bn for the quarter, HP is targeting full-year 2024-25 guidance of $3.45-$3.75 for adjusted EPS and $3.2bn-$3.6bn for FCF.
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