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 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）的股票在报告第三季度业绩后出现下跌。净营业收入同比增长2.4%，达到135.2亿美元，超过市场预期的133.8亿美元。
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%.
按部门划分，个人系统的净营业收入同比增长5%，达到94亿美元，营业利润率为6.4%；而打印业务的净营业收入同比下降3%，达到41亿美元，营业利润率为17.3%。
In Personal Systems segment, total units increased by 1%, with Consumer PS units down 6% and Commercial PS units up 6%.
在个人系统部门，总销售量增长了1%，消费类个人系统销售量下降了6%，商业类个人系统销售量增长了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.
调整后的营业利润率同比下降70个基点，达到8.1%；调整后的每股收益同比下降3%，达到0.83美元，低于市场预期的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.
本季度经营现金流为14亿美元（同比增长46%），自由现金流为13亿美元（同比增长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，公司的总现金为29亿美元，包括现金和等价物为28亿美元。
Dividend & Buyback: The company returned $0.9 billion to shareholders in the form of dividends and share repurchases in the quarter.
股息和股票回购：本季度，公司以分红和回购股票的形式向股东返还了9亿美元。
HP's board increased its share repurchase authorization to a total of $10 billion.
惠普董事会将股票回购授权总额增加到了100亿美元。
Outlook: For the fourth quarter, HP expects adjusted EPS of $0.89 –$0.99 vs. consensus of $0.95.
展望：对于第四季度，惠普预计调整后的每股收益为$0.89 - $0.99，市场预测为$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).
对于FY24，该公司将调整后的每股收益的展望范围缩小到$3.35 - $3.45，市场预测为$3.45（之前的范围为$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).
投资者可以通过3D打印（The）ETF（BATS:PRNT）和两条道路共享信托世界领导者股票ETF（BATS:WLDR）来获得该股的投资机会。
Price Action: HPQ shares are down 2.16% at $34.01 premarket at the last check Thursday.
价格走势：HPQ股票在周四最后一次查询时，盘前下跌2.16%，至34.01美元。
Image via Shutterstock
图片来自shutterstock。
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