PALO ALTO, Calif., Aug. 26, 2021 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)
- Third quarter GAAP diluted net earnings per share ("EPS") of $0.92, above the previously provided outlook of $0.77 to $0.81 per share
- Third quarter non-GAAP diluted net EPS of $1.00, above the previously provided outlook of $0.81 to $0.85 per share
- Third quarter net revenue of $15.3 billion, up 7.0% from the prior-year period
- Third quarter net cash provided by operating activities of $1.1 billion, free cash flow of $1.0 billion
- Third quarter returned $1.7 billion to shareholders in the form of share repurchases and dividends
| HP Inc.'s fiscal 2021 third quarter financial performance | ||||||||||||
| Q3 FY21 | Q3 FY20 | Y/Y | ||||||||||
| GAAP net revenue ($B) | $ | 15.3 | $ | 14.3 | 7.0% | |||||||
| GAAP operating margin | 9.0% | 5.4% | 3.6 pts | |||||||||
| GAAP net earnings ($B) | $ | 1.1 | $ | 0.7 | 51% | |||||||
| GAAP diluted net EPS | $ | 0.92 | $ | 0.52 | 77% | |||||||
| Non-GAAP operating margin | 9.8% | 6.1% | 3.7 pts | |||||||||
| Non-GAAP net earnings ($B) | $ | 1.2 | $ | 0.7 | 71% | |||||||
| Non-GAAP diluted net EPS | $ | 1.00 | $ | 0.49 | 104% | |||||||
| Net cash provided by operating activities ($B) | $ | 1.1 | $ | 1.7 | (34)% | |||||||
| Free cash flow ($B) | $ | 1.0 | $ | 1.6 | (38)% | |||||||
