PALO ALTO, Calif., May 27, 2020 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)
- Second quarter GAAP diluted net earnings per share ("EPS") of $0.53, above the previously provided outlook of $0.46 to $0.50 per share
- Second quarter non-GAAP diluted net EPS of $0.51, within the previously provided outlook of $0.49 to $0.53 per share
- Second quarter net revenue of $12.5 billion, down 11.2% from the prior-year period
- Second quarter net cash used in operating activities of $(0.5) billion, free cash flow of $(0.6) billion
- Second quarter returned $0.4 billion to shareholders in the form of share repurchases and dividends
| HP Inc. fiscal 2020 second quarter financial performance | ||||||||||||
| Q2 FY20 | Q2 FY19 | Y/Y | ||||||||||
| GAAP net revenue ($B) | $ | 12.5 | $ | 14.0 | (11.2 | )% | ||||||
| GAAP operating margin | 6.6% | 6.6% | - | |||||||||
| GAAP net earnings ($B) | $ | 0.8 | $ | 0.8 | (2.3 | )% | ||||||
| GAAP diluted net EPS | $ | 0.53 | $ | 0.51 | 3.9 | % | ||||||
| Non-GAAP operating margin | 7.5% | 7.4% | 0.1 pts | |||||||||
| Non-GAAP net earnings ($B) | $ | 0.7 | $ | 0.8 | (9.7 | )% | ||||||
| Non-GAAP diluted net EPS | $ | 0.51 | $ | 0.53 | (3.8 | )% | ||||||
| Net cash (used in) provided by operating activities ($B) | $ | (0.5 | ) | $ | 0.9 | NM | ||||||
| Free cash flow ($B) | $ | (0.6 | ) | $ | 0.7 | NM | ||||||
