PALO ALTO, Calif., Aug. 30, 2022 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)
- Third quarter GAAP diluted net earnings per share ("EPS") of $1.08, above the previously provided outlook of $0.91 to $0.96 per share
- Third quarter non-GAAP diluted net EPS of $1.04, within the previously provided outlook of $1.03 to $1.08 per share
- Third quarter net revenue of $14.7 billion, down 4.1% from the prior-year period
- Third quarter net cash provided by operating activities of $0.4 billion, free cash flow of $0.3 billion
- Third quarter returned $1.3 billion to shareholders in the form of share repurchases and dividends
| HP Inc.'s fiscal 2022 third quarter financial performance | |||||||||||
| Q3 FY22 | Q3 FY21 | Y/Y | |||||||||
| GAAP net revenue ($B) | $ | 14.7 | $ | 15.3 | (4.1)% | ||||||
| GAAP operating margin | 8.7% | 9.0% | (0.3) pts | ||||||||
| GAAP net earnings ($B) | $ | 1.1 | $ | 1.1 | 1% | ||||||
| GAAP diluted net EPS | $ | 1.08 | $ | 0.92 | 17% | ||||||
| Non-GAAP operating margin | 9.5% | 9.8% | (0.3) pts | ||||||||
| Non-GAAP net earnings ($B) | $ | 1.1 | $ | 1.2 | (10)% | ||||||
| Non-GAAP diluted net EPS | $ | 1.04 | $ | 1.00 | 4% | ||||||
| Net cash provided by operating activities ($B) | $ | 0.4 | $ | 1.1 | (64)% | ||||||
| Free cash flow ($B) | $ | 0.3 | $ | 1.0 | (72)% | ||||||
