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

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

• 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.