Technology

HP (NYSE:HPQ) reported fiscal Q2 adjusted earnings  of $0.80 per share, down from $1.08 a year earlier. Analysts polled by Capital IQ expected $0.76. Revenue for the quarter ended April 30 was $12.91 billion, down from $16.49 billion a year earlier. Analysts surveyed by Capital IQ expected $13.04 billion. HP said it expects fiscal Q3 adjusted EPS of $0.81 to $0.91. Analysts polled by Capital IQ are looking for $0.86. The company said it now expects fiscal 2023 adjusted EPS of $3.30 to $3.50. That compares with $3.20 to $3.60 previously. Analysts surveyed by Capital IQ are expecting $3.34.

HP (NYSE:HPQ)  For the fiscal 2023 third quarter, HP estimates GAAP diluted net EPS to be in the range of $0.61 to $0.71 and non-GAAP diluted net EPS to be in the range of $0.81 to $0.91. Fiscal 2023 third quarter non-GAAP diluted net EPS estimates exclude $0.20 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, non-operating retirement-related credits, tax adjustments and the related tax impact on these items. HP (NYSE:HPQ)  For fiscal 2023, HP estimates GAAP diluted net EPS to be in the range of $2.91 to $3.11 and non-GAAP diluted net EPS to be in the range of $3.30 to $3.50. Fiscal 2023 non-GAAP diluted net EPS estimates exclude $0.39 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, debt extinguishment costs, non-operating retirement-related credits, tax adjustments and the