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HomeBusinessHP Reports Q1 EPS Beat, But Revenues Miss

HP Reports Q1 EPS Beat, But Revenues Miss

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HP (NYSE:HPQ) reported its first-quarter results, with earnings per share of $0.81, aligning with analyst forecasts, but its revenue of $13.2 billion did not meet the anticipated $13.57 billion.
Looking ahead to the second quarter of 2024, the company projects its earnings per share to range from $0.76 to $0.86, against analysts’ expectations of $0.81.
For the entire fiscal year, HP’s earnings per share are expected to be between $3.25 and $3.65, compared to the consensus estimate of $3.45. The company also forecasts its free cash flow for the year to be in the range of $3.1 to $3.6 billion.

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