HP forecasts 2024 profit in line with estimates, boosts annual dividend

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Key Points

Oct 10 (Reuters) - HP Inc (HPQ.N) on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market.. have seen demand ease from peaks hit during the pandemic, when work-from-home trends drove up sales of laptops and other electronic devices...

The PC maker also forecast fiscal 2024 free cash flow of $3.1 billion to $3.6 billion and expects to return about 100% of it to shareholders through dividends and share repurchases...

The company expects its 2024 adjusted earnings in the range of $3.25 to $3.65 per share, largely in line with analyst estimates of $3.47, according to LSEG data...

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