HP reports earnings: a beat on profits, slight miss on revenue

HP Meg Whitman HPHP Enterprise CEO Meg Whitman

Hewlett-Packard just released its Q3 earnings report and we’re pouring through it now.

  • EPS of $US0.88 ($US0.85 Estimated), so that’s a beat.
  • $US25.3 billion in revenue versus $US25.44 billion expected, so that’s a slight miss.

This wasn’t expected to be a particularly cheery earnings report, as revenues for most of HP’s business units have been declining for a while.

Analysts had predicted this quarter will be another nearly 8% decline.

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