HP Inc. Tightens The Belt: Mixed Q3 Results And Cautious FY24 Outlook
HP Inc. Tightens The Belt: Mixed Q3 Results And Cautious FY24 Outlook
Adjusted operating margin contracted 70 bps Y/Y to 8.1% in the quarter. Adjusted EPS declined 3% Y/Y to $0.83, missing the street view of $0.86.HP Inc. (NYSE:HPQ) shares are trading lower after it reported third-quarter results. Net revenue rose 2.4% Y/Y to $13.52 billion, beating the consensus of $13.38 billion.
惠普公司（NYSE:HPQ）的股票在報告第三季度業績後出現下跌。淨營業收入同比增長2.4%，達到135.2億美元，超過市場預期的133.8億美元。
By segment, Personal Systems net revenue rose 5% Y/Y to $9.4 billion with a 6.4% operating margin, and Printing net revenue fell 3% Y/Y to $4.1 billion with an operating margin of 17.3%.
按部門劃分，個人系統的淨營業收入同比增長5%，達到94億美元，營業利潤率爲6.4%；而打印業務的淨營業收入同比下降3%，達到41億美元，營業利潤率爲17.3%。
In Personal Systems segment, total units increased by 1%, with Consumer PS units down 6% and Commercial PS units up 6%.
在個人系統部門，總銷售量增長了1%，消費類個人系統銷售量下降了6%，商業類個人系統銷售量增長了6%。
Adjusted operating margin contracted 70 bps Y/Y to 8.1% in the quarter. Adjusted EPS declined 3% Y/Y to $0.83, missing the street view of $0.86.
調整後的營業利潤率同比下降70個點子，達到8.1%；調整後的每股收益同比下降3%，達到0.83美元，低於市場預期的0.86美元。
Operating cash flow stood at $1.4 billion (+46% Y/Y), and free cash flow came in at $1.3 billion (+50% Y/Y) in the quarter.
本季度經營現金流爲14億美元（同比增長46%），自由現金流爲13億美元（同比增長50%）。
The company exited the quarter with gross cash of $2.9 billion, including cash and equivalents of $2.8 billion.
本季度末，公司的總現金爲29億美元，包括現金和等價物爲28億美元。
Dividend & Buyback: The company returned $0.9 billion to shareholders in the form of dividends and share repurchases in the quarter.
股息和股票回購：本季度，公司以分紅和回購股票的形式向股東返還了9億美元。
HP's board increased its share repurchase authorization to a total of $10 billion.
惠普董事會將股票回購授權總額增加到了100億美元。
Outlook: For the fourth quarter, HP expects adjusted EPS of $0.89 –$0.99 vs. consensus of $0.95.
展望：對於第四季度，惠普預計調整後的每股收益爲$0.89 - $0.99，市場預測爲$0.95。
For FY24, the company tighetened its outlook for adjusted EPS to $3.35 – $3.45 vs. consensus of $3.45 (prior view $3.30 – $3.60).
對於FY24，該公司將調整後的每股收益的展望範圍縮小到$3.35 - $3.45，市場預測爲$3.45（之前的範圍爲$3.30 - $3.60）。
Investors can gain exposure to the stock via 3D Printing (The) ETF (BATS:PRNT) and Affinity World Leaders Equity ETF (BATS:WLDR).
投資者可以通過3D打印（The）ETF（BATS:PRNT）和兩條道路共享信託世界領導者股票ETF（BATS:WLDR）來獲得該股的投資機會。
Price Action: HPQ shares are down 2.16% at $34.01 premarket at the last check Thursday.
價格走勢：HPQ股票在週四最後一次查詢時，盤前下跌2.16%，至34.01美元。
Image via Shutterstock
圖片來自shutterstock。
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