HP Issued their 4th quarter earnings and while there were certainly areas that need to be addressed, they had several areas of good news, including YoY increased revenue and an increase in print revenue over the same period.
While the increases were slight, with the overall decline of the printing market and the continued slide of key competitors, the news seems good in comparison. Up is up and it’s better than down.
Here’s the HP release:
PALO ALTO, CA – (GlobeNewswire) – November 26, 2019 – HP (NYSE: HPQ)
- Fiscal 2019 GAAP diluted net earnings per share (“EPS”) of $2.07, below the previously provided outlook of $2.31 to $2.35 per share
- Fiscal 2019 non-GAAP diluted net EPS of $2.24, above the previously provided outlook of $2.18 to $2.22 per share
- Fiscal 2019 net revenue of $58.8 billion, up 0.5% from the prior-year period
- Fiscal 2019 net cash provided by operating activities of $4.7 billion, free cash flow of $4.0 billion
- Fiscal 2019 returned $3.4 billion to shareholders in the form of share repurchases and dividends
- Fourth quarter GAAP diluted net EPS of $0.26, below the previously provided outlook of $0.51 to $0.55 per share
- Fourth quarter non-GAAP diluted net EPS of $0.60, above the previously provided outlook of $0.55 to $0.59 per share
- Fourth quarter net revenue of $15.4 billion, up 0.3% from the prior-year period
- Fourth quarter net cash provided by operating activities of $0.6 billion, free cash flow of $0.4 billion
- Fourth quarter returned $0.7 billion to shareholders in the form of share repurchases and dividends
HP Inc.’s fiscal 2019 full-year and fourth quarter financial performance
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SOURCE Industry Analysts Inc.
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