UPDATE: Hewlett-Packard Company (HPQ) Tops Q1 EPS by 11c
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Price: $21.11 --0%
Revenue Growth %: -6.3%
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Revenue Growth %: -6.3%
Financial Fact:
Services: 9.97B
Today's EPS Names:
REDF, REX, SNPS, More
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(Updated - February 21, 2013 4:17 PM EST)
Hewlett-Packard Company (NYSE: HPQ) reported Q1 EPS of $0.82, $0.11 better than the analyst estimate of $0.71. Revenue for the quarter came in at $28.4 billion versus the consensus estimate of $27.77 billion.
Earnings and revenue compare with 92 cents per share and $30 billion reported in the same period last year.
Adjusted operating margin compressed 70 basis points to 7.9 percent.
Personal Systems revenue fell 8 percent, with operating margins of 2.7 percent. Printing revs fell 5 percent with an operating margin at 16.1 percent.
Enterprise services revs dropped 7 percent.
H-P generated $2.6 billion in cash flow from operations in the first quarter, up 115 percent from the prior-year period. Inventory ended the quarter at $6.4 billion, with days of inventory down 2 days year over year to 26 days.
H-P repurchased 19.2 million shares in the quarter and used $258 million for dividends.
We beat our non-GAAP diluted EPS outlook for the quarter by $0.11 per share, driven by improved execution, improvement in our channel and go-to-market efforts and the impact of the restructuring program we announced in May 2012," said Meg Whitman, HP president and chief executive officer. "While there's still a lot of work to do to generate the kind of growth we want to see, our turnaround is starting to gain traction as a result of the actions we took in 2012 to lay the foundation for HP's future.
Looking ahead, H-P sees Q213 EPS of 80 cents to 82 cents, versus the 77 cent consensus. Fiscal 2013 EPS is expected to fall within the range of $3.40 to $3.60, with the Street currently at $3.32.
For earnings history and earnings-related data on Hewlett-Packard Company (HPQ) click here.
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Hewlett-Packard Company (NYSE: HPQ) reported Q1 EPS of $0.82, $0.11 better than the analyst estimate of $0.71. Revenue for the quarter came in at $28.4 billion versus the consensus estimate of $27.77 billion.
Earnings and revenue compare with 92 cents per share and $30 billion reported in the same period last year.
Adjusted operating margin compressed 70 basis points to 7.9 percent.
Personal Systems revenue fell 8 percent, with operating margins of 2.7 percent. Printing revs fell 5 percent with an operating margin at 16.1 percent.
Enterprise services revs dropped 7 percent.
H-P generated $2.6 billion in cash flow from operations in the first quarter, up 115 percent from the prior-year period. Inventory ended the quarter at $6.4 billion, with days of inventory down 2 days year over year to 26 days.
H-P repurchased 19.2 million shares in the quarter and used $258 million for dividends.
We beat our non-GAAP diluted EPS outlook for the quarter by $0.11 per share, driven by improved execution, improvement in our channel and go-to-market efforts and the impact of the restructuring program we announced in May 2012," said Meg Whitman, HP president and chief executive officer. "While there's still a lot of work to do to generate the kind of growth we want to see, our turnaround is starting to gain traction as a result of the actions we took in 2012 to lay the foundation for HP's future.
Looking ahead, H-P sees Q213 EPS of 80 cents to 82 cents, versus the 77 cent consensus. Fiscal 2013 EPS is expected to fall within the range of $3.40 to $3.60, with the Street currently at $3.32.
For earnings history and earnings-related data on Hewlett-Packard Company (HPQ) click here.
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