HP reports stable second quarter

May 24, 2019

HP Inc. announced fiscal 2019 second quarter net revenue of $14.0 billion (€12.5 billion), up 0.2 percent from the prior-year period.

“We delivered solid Q2 financial results, with strong non-GAAP EPS growing double-digits and coming in at the high end of our outlook,” said Dion Weisler, HP’s President and CEO. “We continue to strike the right balance between driving results today and investing in innovation to deliver long term financial performance.”

Printing net revenue was down two percent year-on-year with a 16.4 percent operating margin. Total hardware units were down four percent with commercial hardware units down three percent and consumer hardware units down four percent. Supplies net revenue was down three percent.

For the fiscal 2019 third quarter, HP estimates GAAP diluted net EPS to be in the range of $0.49 to $0.52 (€0.43 to €0.46) and non-GAAP diluted net EPS to be in the range of $0.53 to $0.56 (€0.47 to €0.50).

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Tags : Business Financials HP