HP Inc: EPS up 11% in Q1
The hardware manufacturer's sales fell by 4.4% to $13.2 billion, including a 4.9% drop at constant exchange rates, with similar contractions in its PC and printer businesses.
Also posting virtually zero free cash flow for the first three months of the year, HP confirms its target ranges of $3.25-3.65 for adjusted EPS and $3.1-3.6 billion for FCF over the full 2023-24 period.
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