HP Inc. Reports Fiscal 2020 and Fourth Quarter Results

Stocks
Written By Chris Theordor

On Tuesday November 24th, 2020 HP announced their full year and fourth quarter financial results.

The main takeaways from their press release included

  • Fourth quarter GAAP diluted net EPS of $0.49, above the previously provided outlook of $0.32 to $0.36 per share

  • Fourth quarter net revenue of $15.3 billion, down 1.0% from the prior-year period

  • Fourth quarter returned $1.6 billion to shareholders in the form of share repurchases and dividends

  • HP Inc. ("HP") announces dividend increase of 10%

As reported by MarketWatch, HP Inc.’s stock increased 9% in extended trading Tuesday afternoon.

This blog is distributed for general informational and educational purposes only and is not intended to constitute legal, tax, accounting or investment advice..

Chris Theordor
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