HP Inc. Reports Fiscal 2023 Full Year and Fourth Quarter Results

HP INC. AND SUBSIDIARIES
CALCULATION OF DILUTED NET EARNINGS PER SHARE
(Unaudited)
(In millions, except per share amounts)
  Three months ended
  October 31, 2023  July 31, 2023  October 31, 2022
Numerator:     
GAAP net earnings (loss)$974 $766 $(23)
Non-GAAP net earnings$902 $859 $832 
      
Denominator:     
Weighted-average shares used to compute basic net earnings (loss) per share 994  993  998 
Dilutive effect of employee stock plans(a) 10  9  11 
Weighted-average shares used to compute diluted net earnings (loss) per share 1,004  1,002  1,009 
      
GAAP diluted net earnings (loss) per share$ 0.97   $ 0.76   $ (0.02 )
Non-GAAP diluted net earnings per share $ 0.90   $ 0.86   $ 0.82  
 
(a)   Includes any dilutive effect of restricted stock units, stock options and performance-based awards.
 

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