HP reports earnings: a beat on profits, slight miss on revenue
Aug 21, 2015, 01:39 IST
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- EPS of $0.88 ($0.85 Estimated), so that's a beat.
- $25.3 billion in revenue versus $25.44 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.