HP Reports Q2 2013 Earnings: Net Revenue $27.6 Billion, EPS $0.87

Posted on May 23 2013 - 1:36am by Editorial Staff

HP

HP today reported second quarter 2013 earnings. The company reported non-GAAP diluted earnings per share of $0.87, down 11% from the prior year, although $0.81 was expected while GAAP diluted earnings per share of $0.55, down 31% from the prior year. The second quarter net revenue was of $27.6 billion, down 10% from the prior year.

“We beat the upper end of our non-GAAP diluted EPS outlook for the quarter by $0.05 per share, driven by better than expected performance in Enterprise Services and Printing, coupled with the accelerated capture of restructuring savings and improvement in our operations,” said Meg Whitman, HP president and chief executive officer.

For the third quarter of fiscal 2013, HP estimates non-GAAP diluted EPS to be in the range of $0.84 to $0.87 while GAAP diluted EPS to be in the range of $0.56 to $0.59.

(Image Credit / Source: Flickr / HP (official) Hewlett-Packard)

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