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HP Reports Second Quarter 2013 Results

  • Second quarter non-GAAP diluted earnings per share of $0.87, down 11% from the prior year, above previously provided outlook of $0.80 to $0.82 per share
  • Second quarter GAAP diluted earnings per share of $0.55, down 31% from the prior year, above previously provided outlook of $0.38 to $0.40 per share
  • Second quarter net revenue of $27.6 billion, down 10% from the prior year and down 9% when adjusted for the effects of currency
  • Cash flow from operations of $3.6 billion, up 44% from the prior year
  • Returned $1.1 billion in cash to shareholders in the form of dividends and share repurchases
  • Improved operating company net debt position by $1.8 billion, the fifth consecutive quarterly reduction of over $1 billion
  • Declared a regular quarterly cash dividend of 14.52 cents per share on the company’s common stock

 

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

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