HP Reports Fiscal 2014 Third Quarter Results
- Third quarter net revenue of $27.6 billion, up 1% from the prior-year period and up 1% on a constant currency basis
- Third quarter non-GAAP diluted net earnings per share of $0.89, up 3% from the prior-year period, versus the previously provided outlook of $0.86 to $0.90 per share
- Third quarter GAAP diluted net earnings per share of $0.52, down 27% from the prior-year period, versus the previously provided outlook of $0.59 to $0.63 per share
- Third quarter cash flow from operations of $3.6 billion, up 36% from the prior-year period
- Returned $881 million to shareholders in the form of share repurchases and dividends in the third quarter
- Operating company net cash of $4.9 billion, a sequential improvement of $2.2 billion
PALO ALTO, Calif. — HP today announced financial results for its fiscal 2014 third quarter ended July 31, 2014.
Third quarter net revenue of $27.6 billion was up 1% from the prior-year period and up 1% on a constant currency basis.
Third quarter GAAP diluted net earnings per share (EPS) was $0.52, down from $0.71 in the prior-year period and below its previously provided outlook of $0.59 to $0.63. Third quarter non-GAAP diluted net EPS was $0.89, up from $0.86 in the prior-year period and within its previously provided outlook of $0.86 to $0.90. Third quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax costs of $713 million and $0.37 per diluted share, respectively, related to restructuring charges, the amortization of intangible assets and acquisition-related charges.
The complete news release is available at: http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-newsArticle&ID=1959911&highlight=
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