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HP Reports First Quarter 2013 Results

  • First quarter non-GAAP diluted earnings per share of $0.82, down 11% from the prior year, above previously provided outlook of $0.68 to $0.71
  • First quarter GAAP diluted earnings per share of $0.63, down 14% from the prior year, above previously provided outlook of $0.34 to $0.37 per share
  • First quarter net revenue of $28.4 billion, down 6% year over year and down 4% when adjusted for the effects of currency
  • Cash flow from operations of $2.6 billion, up 115% from the prior year
  • Returned $511 million in cash to shareholders in the form of dividends and share repurchases
  • Improved company net debt position for the fourth consecutive quarter by over$1billion 

(Editor's note: for more details, read today's press release, "HP Reports First Quarter 2013 Earnings”)

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