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HPQ Q3 Earnings Miss: Will Weak FY24 View Drag Down Shares?
ZACKS· 2024-08-29 13:21
HP Inc.’s (HPQ) third-quarter fiscal 2024 non-GAAP earnings of 83 cents per share missed the Zacks Consensus Estimate of 86 cents. The bottom line declined 3.5% year over year and came within the company’s guidance of 78-92 cents. The decline in the bottom line was due to competitive pricing and higher commodity costs.HPQ’s net revenues of $13.5 billion surpassed the Zacks Consensus Estimate of $13.35 billion. The figure improved 2.4% from the prior-year quarter’s level of $13.2 billion. The better-than-exp ...
HP stock drops on forecast downgrade
Proactiveinvestors NA· 2024-08-29 13:07
About this content About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 20 ...
HP(HPQ) - 2024 Q3 - Earnings Call Transcript
2024-08-29 00:36
HP Inc. (NYSE:HPQ) Q3 2024 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Orit Keinan-Nahon - Head of Investor Relations Enrique Lores - President and Chief Executive Officer Karen Parkhill - Chief Financial Officer Tim Brown - Interim Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Erik Woodring - Morgan Stanley Toni Sacconaghi - Bernstein Research Wamsi Mohan - Bank of America Michael Ng - Goldman Sachs Irvin Liu - Evercore ISI Steven Chin - TD Co ...
HP(HPQ) - 2024 Q3 - Earnings Call Presentation
2024-08-29 00:14
Data courtesy of Print my Leg Earnings Announcement August 28, 2024 | Q3 FY24 Forward-looking Statements This presentation contains forward-looking statements based on current expectations and assumptions that involve risks and uncertainties. If the risks or uncertainties ever materialize or the assumptions prove incorrect, they could affect the business and results of operations of HP Inc. and its consolidated subsidiaries ("HP") which may differ materially from those expressed orimplied by such forward-lo ...
HP (HPQ) Lags Q3 Earnings Estimates
ZACKS· 2024-08-28 22:26
HP (HPQ) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.49%. A quarter ago, it was expected that this personal computer and printer maker would post earnings of $0.81 per share when it actually produced earnings of $0.82, delivering a surprise of 1.23%.Over the last four quarters, ...
HP(HPQ) - 2024 Q3 - Quarterly Report
2024-08-28 22:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4423 _________________________________________ HP INC. (Exact name of registrant as specified in i ...
HP(HPQ) - 2024 Q3 - Quarterly Results
2024-08-28 20:18
1501 Page Mill Road Palo Alto, CA 94304 hp.com Editorial contacts HP Inc. Media Relations MediaRelations@hp.com HP Inc. Investor Relations InvestorRelations@hp.com News Release HP Inc. Reports Fiscal 2024 Third Quarter Results PALO ALTO, Calif. – Aug 28, 2024 (GLOBE NEWSWIRE) – HP (NYSE: HPQ) • Third quarter GAAP diluted net earnings per share ("EPS") of $0.65, within the previously provided outlook of $0.63 to $0.77 per share • Third quarter non-GAAP diluted net EPS of $0.83, within the previously provided ...
HP Inc. Reports Fiscal 2024 Third Quarter Results
GlobeNewswire News Room· 2024-08-28 20:15
PALO ALTO, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ) Third quarter GAAP diluted net earnings per share ("EPS") of $0.65, within the previously provided outlook of $0.63 to $0.77 per shareThird quarter non-GAAP diluted net EPS of $0.83, within the previously provided outlook of $0.78 to $0.92 per shareThird quarter net revenue of $13.5 billion, up 2.4% from the prior-year periodThird quarter net cash provided by operating activities of $1.4 billion, free cash flow of $1.3 billionThird quarter ...
HP gets $50m CHIPS Act boost
Proactiveinvestors NA· 2024-08-27 14:04
About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...
What's in the Offing for HP (HPQ) This Earnings Season?
ZACKS· 2024-08-26 15:45
HP Inc. (HPQ) is slated to release third-quarter fiscal 2024 results on Aug 28, after market close.The company expects fiscal third-quarter non-GAAP earnings per share between 78 cents and 92 cents. The Zacks Consensus Estimate for earnings is pegged at 86 cents, indicating no change from the year-ago quarter.The Zacks Consensus Estimate for revenues is pegged at $13.4 billion, suggesting an improvement of 1.45% from the prior-year quarter.HP’s earnings surpassed estimates in one of the trailing four quarte ...