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HP Reports Third Quarter 2013 Results

  • Third quarter non-GAAP diluted earnings per share of $0.86, down 14% from the prior year, within previously provided outlook of $0.84 to $0.87 per share
  • Third quarter GAAP diluted earnings per share of $0.71, up from GAAP diluted loss per share of $4.49 in the prior year, above previously provided outlook of $0.56 to $0.59 per share
  • Third quarter net revenue of $27.2 billion, down 8% from the prior year and down 7% when adjusted for the effects of currency
  • Cash flow from operations of $2.7 billion, down 6% from the prior year
  • Returned $283 million to shareholders in the form of dividends and share repurchases
  • Improved operating company net debt position by $1.7 billion, the sixth consecutive quarterly reduction of over $1 billion

 

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

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