HP: Q3 EPS up 17% to $1.08

Tuesday, 30. August 2022 22:18

HP Inc. revealed on Tuesday that the company's GAAP diluted net earnings per share reached $1.08 in the third quarter of fiscal 2022 after jumping 17% year on year. Third-trimester net revenue fell 4.1% from the same period in 2021, landing at $14.7 billion, while net earnings increased 1% to $1.1 billion.

"Disciplined pricing and cost management, combined with continued momentum in our key growth businesses, enabled us to deliver solid non-GAAP EPS growth while returning $1.3 billion to shareholders in Q3. We are taking clear actions to mitigate near-term market headwinds and further strengthen our business for the future," President and CEO Enrique Lores noted in the press release.

Company shares were 4.5% down in late trading after the results were published.

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