HP Inc: EPS up 10% in Q4

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

The hardware manufacturer's sales fell by 6.5% to $13.8 billion, 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 free cash flow of $3.1 billion for the full year 2022-23, HP confirms its target ranges of $3.25-3.65 and $3.1-3.6 billion respectively, for the year ahead.

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