HP Inc. Reports Fiscal 2024 Third Quarter Results
HP News, Monday, August 26th, 2024
HP Inc. and its subsidiaries ('HP') announced fiscal 2024 third quarter net revenue of $13.5 billion, up 2% (up 3% in constant currency) from the prior-year period.
'We are pleased with our return to revenue growth and proud of the innovations delivered in the quarter, including the launch of our next-generation AI PC lineup' said Enrique Lores, President and CEO, HP Inc. 'We remain focused on our strategic plan and will prioritize opportunities that drive long-term profitable growth, while taking decisive action to navigate a dynamic environment.'
Third quarter GAAP diluted net EPS was $0.65, down from $0.76 in the prior-year period and within the previously provided outlook of $0.63 to $0.77. Third quarter non-GAAP diluted net EPS was $0.83, down from $0.86 in the prior-year period and within the previously provided outlook of $0.78 to $0.92. Third quarter non-GAAP net earnings and non-GAAP diluted net EPS excludes after-tax adjustments of $179 million, or $0.18 per diluted share, related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, non-operating retirement-related credits and tax adjustments.