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Friday, February 22, 2013

HP Earnings Rebound, Beat Estimates

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HP reported QE January 2013 financial results on February 21

HP Earnings Begin Long Journey Back

The self-styled "world's largest technology company" HP (HPQ) financial results brought a sigh of relief and hope with GAAP earnings per share ($0.63) and continued Non-GAAP earnings per share ($0.82) for the quarter ending January 2013. The Non-GAAP EPS beat both the management outlook ($0.68 to $0.71) and the analysts' estimate ($0.71). This was after 2 disastrous quarters of GAAP net losses totaling a demoralizing $15.7 billion. Read more and see the charts at Seeking Alpha.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.

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