HP Q3 2013 Earnings: Revenue $27.2 Billion, EPS $0.86

Posted on Aug 22 2013 - 1:39am by Editorial Staff

HP

HP today announced financial results for its third fiscal quarter ended July 31, 2013. The company reported the revenue of $27.2 billion, down 8% year over year while GAAP diluted loss per share was of $4.49 and non-GAAP diluted earnings per share was of $0.86.

“We once again achieved the financial performance we said we would, delivering $0.86 in non-GAAP diluted earnings per share, within our previously provided outlook of $0.84 to $0.87,” said Meg Whitman, HP president and chief executive officer.

“I remain confident that we are making progress in our turnaround. We are already seeing significant improvement in our operations, we are successfully rebuilding our balance sheet, our cost structure is more closely aligned with our revenue and we have reignited innovation at HP, with a focus on the customer.”

For the full year fiscal 2013, the company estimates non-GAAP diluted EPS to be in the range of $3.53 to $3.57 while GAAP diluted EPS to be in the range of $2.67 to $2.71. 

Photo Credit: Flickr/Clive Darra

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