Wednesday, February 18, 2009

HP (NYSE HPQ) results in -- a 19% revenue decline in printing and imaging

HP (NYSE HPQ) is out with Q1 earnings after today's market close, and overall, in keeping with the times, the company is reporting some somewhat stunning numbers, both good and bad. Overall the company is up in quarterly revenue by 1%, year over year, and EPS (non-GAPP diluted) actually increased 8%.

And the imaging and printing story is a bit mixed, with a (to me anyway) stunning 19% decline in quarterly revenue, to $6.0 Billion, but a similarly amazing flat operating profit, at $1.1 Billion, on the back of hugely improved profit margin (18.5%!).

More to follow!

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