Hp inc. reports fiscal 2024 first quarter results

Palo alto, calif, feb. 28, 2024 (globe newswire) -- hp (nyse: hpq) first quarter gaap diluted net earnings per share ("eps") of $0.62, within the previously provided outlook of $0.60 to $0.70 per share first quarter non-gaap diluted net eps of $0.81, within the previously provided outlook of $0.76 to $0.86 per share first quarter net revenue of $13.2 billion, down 4.4% from the prior-year period first quarter net cash provided by operating activities of $121 million, free cash flow of $25 million first quarter returned $0.8 billion to shareholders in the form of share repurchases and dividends hp inc.'s fiscal 2024 first quarter financial performance   q1 fy24 q1 fy23 y/y gaap net revenue ($b) $ 13.2   $ 13.8   (4.4)% gaap operating margin   7.1%     5.4%   1.7 pts gaap net earnings ($b) $ 0.6   $ 0.5   33% gaap diluted net eps $ 0.62   $ 0.47   32% non-gaap operating margin   8.4%     7.6%   0.8 pts non-gaap net earnings ($b) $ 0.8   $ 0.7   11% non-gaap diluted net eps $ 0.81   $ 0.73   11% net cash provided by (used in) operating activities ($b)(1) $ 0.1   $ (0.0)   nm free cash flow ($b)(1) $ 0.0   $ (0.2)   nm notes to table information about hp inc.'s use of non-gaap financial information is provided under "use of non-gaap financial information" below. (1) "nm" represents not meaningful.
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