HP Fiscal Q1 Non-GAAP Earnings Rise, Revenue Falls; Fiscal 2024 EPS Guidance Reaffirmed

HP (HPQ) reported fiscal Q1 non-GAAP earnings late Wednesday of $0.81 per diluted share, up from $0.73 a year earlier.

Analysts surveyed by Capital IQ expected $0.81.

Revenue for the quarter ended Jan. 31 was $13.19 billion, down from $13.80 billion a year earlier.

Analysts surveyed by Capital IQ expected $13.59 billion.

The company said it expects fiscal Q2 non-GAAP EPS of $0.76 to $0.86. Analysts surveyed by Capital IQ expect $0.82.

HP reaffirmed its fiscal year 2024 non-GAAP EPS guidance of $3.25 to $3.65. Analysts surveyed by Capital IQ expect $3.45.

Shares of the company more than 4% in after-hours trading.

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