HP Inc. Provides Fiscal 2019 Financial Outlook
04 Oktober 2018 - 12:01AM
Dow Jones News
By Stephen Nakrosis
HP Inc. (HPQ) on Wednesday gave details on its financial outlook
for fiscal 2019.
The company also announced it would increase its dividend by
15%, to 16.02 cents, beginning in the first quarter of 2019.
HP said it anticipates 2019 diluted net earnings per share of
between $2.04 and $2.14, based on generally accepted accounting
principles. It also said adjusted earnings per share were
anticipated at between $2.12 and $2.22 for fiscal year 2019.
The company also said that based on the current environment, it
anticipates generating free cash flow of at least $3.7 billion for
fiscal 2019. Long-term, HP expects to return 50% to 75% of annual
free cash flow to shareholders. In fiscal 2019, the company said,
it expects to return approximately 75% of free cash flow.
Shares of HP Inc. ended Wednesday trading down 0.08% at $26.06.
In the after-hours session, shares were up 2.92% to $26.82.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 03, 2018 17:46 ET (21:46 GMT)
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