Hewlett-Packard Beats on Q1 Earnings & Rev

[Sgt Beavis]

HP Beats Wall Street earnings expectations.  PC Sales are up for the first time in 7 quarters.  Revenue is up 3.8% over the previous year.  Desktop sales are down 3% but Notebook sales are up 5%.

 

http://finance.yahoo.com/news/hewlett-packard-beats-q1-earnings-130006066.html 

 

 

 

Shares of Hewlett-Packard Company (HPQ) or H-P went up 2.5% in after-hours trading following better-than-expected results for the first quarter of fiscal 2014, primarily due to improved performance in the Personal Systems segment, a better mix of business and good cost control.

H-P?s first-quarter non-GAAP earnings of 90 cents per share came ahead of the Zacks Consensus Estimate of 85 cents. Not only did the company?s earnings improve 9.8% year over year, but it also exceeded management?s guided range of 82 cents to 86 cents per share.

 

 

Disclaimer: I am an HP employee.  My views are my own...