HP Inc. Reports Fiscal 2024 Second Quarter Results
HP reported second-quarter fiscal 2024 non-GAAP earnings of 82 cents per share, which surpassed the consensus mark of 81 cents and came within management’s previously guided range of 76-86 cents. Moreover, the bottom line improved 4% on a year-over-year basis, mainly driven by maximized operational efficiency and cost management.
HPQ’s net revenues of $12.8 billion also surpassed the Zacks Consensus Estimate of $12.5 billion. However, the top line declined 0.8% year over year. In constant currency (cc), revenues declined 1.2% in the second quarter. The better-than-expected top-line performance reflected benefits from the recovery in the commercial PC segment.
https://investor.hp.com/files/doc_financials/2024/q2/Q2-24-HP-Inc-Earnings-Press-Release.pdf