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HP Fiscal Q3 Non-GAAP Earnings Decline, Revenue Rises; Fiscal 2024 Outlook Narrowed
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HP Fiscal Q3 Non-GAAP Earnings Decline, Revenue Rises; Fiscal 2024 Outlook Narrowed
Aug 31, 2024 5:51 PM

04:36 PM EDT, 08/28/2024 (MT Newswires) -- HP (HPQ) reported fiscal Q3 non-GAAP earnings late Wednesday of $0.83 per diluted share, down from $0.86 a year earlier.

Analysts surveyed by Capital IQ expected $0.86.

Revenue for the quarter ended July 31 was $13.52 billion, up from $13.20 billion a year earlier.

Analysts surveyed by Capital IQ expected $13.36 billion.

The company said it expects fiscal Q4 non-GAAP EPS of $0.89 to $0.99. Analysts surveyed by Capital IQ expect $0.95.

HP narrowed its fiscal 2024 non-GAAP EPS guidance to the range of $3.35 to $3.45 from $3.30 to $3.60. Analysts surveyed by Capital IQ expect $3.45.

The company shares were down 2% in recent after-hours activity.

Price: 34.00, Change: -0.76, Percent Change: -2.19

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