HP (NYSE:HPQ) experienced a 2% gain in its stock price intra-day today following its fourth-quarter earnings release.
The company reported revenues of $13.8 billion, a 6% decrease from the previous year and slightly below the expected $13.82 billion. Its earnings per share (EPS) of $0.90 met market expectations.
For the first quarter of fiscal year 2024, HP anticipates its EPS to be between $0.76 and $0.86, against a consensus expectation of $0.86. Looking at the full year ahead, HP forecasts its EPS to range from $3.25 to $3.65, compared to the Street estimate of $3.44. The company also expects to generate a free cash flow of between $3.1 billion and $3.6 billion in 2024.