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Displaying articles for: May 2013

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”)

Reference Guide: HP's Q2 FY13 Earnings Announcement

Hewlett Packard (NYSE ticker symbol: HPQ) will present its second quarter earnings results tomorrow, Wednesday, May 22, 2013, after the market closes.  We will post links to the news release, financials and other information as it becomes available here at Data Central and on both Twitter and Stocktwits at @hpnews.
 
CEO Meg Whitman and CFO Cathie Lesjak will also host a live audio webcast to review HP’s financial results.  The call is scheduled for tomorrow at 2:00 pm PT and will be available here
 
You’ll also be able to follow the news on our investor relations website and newsroom, and on HP Next.
 
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Forward-Looking Statements
 
Blog post, Twitter and StockTwits content may contain forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. A discussion of some of these risks, uncertainties and assumptions is set forth in more detail in HP’s SEC reports, including its most recent Form 10-K.  HP assumes no obligation and does not intend to update any such forward looking statements.
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