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HP Inc. (NYSE: HPQ) reported first quarter 2024 earnings outcomes immediately.
Web income of $13.2 billion was down 4.4% from the identical interval a 12 months in the past.
GAAP web earnings have been $622 million, or $0.62 per share, in comparison with $469 million, or $0.47 per share, final 12 months. Adjusted EPS elevated 11% to $0.81.
Income missed expectations whereas earnings got here in keeping with estimates.
For the second quarter of 2024, HP expects GAAP EPS of $0.58-0.68 and adjusted EPS of $0.76-0.86. For fiscal 12 months 2024, GAAP EPS is predicted to be $2.61-3.01 and adjusted EPS is predicted to be $3.25-3.65.
The inventory fell over 3% in aftermarket hours on Wednesday, following the announcement.
Prior efficiency
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