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Thursday, August 21, 2014

HP Reports Fiscal 2014 Third Quarter Results

HP today announced financial results for its fiscal 2014 third quarter ended July 31, 2014.

Third quarter net revenue of $27.6 billion was up 1% from the prior-year period and up 1% on a constant currency basis.

Third quarter GAAP diluted net earnings per share (EPS) was $0.52, down from $0.71 in the prior-year period and below its previously provided outlook of $0.59 to $0.63. Third quarter non-GAAP diluted net EPS was $0.89, up from $0.86 in the prior-year period and within its previously provided outlook of $0.86 to $0.90. Third quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax costs of $713 million and $0.37 per diluted share, respectively, related to restructuring charges, the amortization of intangible assets and acquisition-related charges.

The complete news release is available at: http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-newsArticle&ID=1959911&highlight=

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