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(From M2 Equity Bites)
M2 EQUITYBITES-May 24, 2012-HP's net earnings down by 31% in Q2 2012 (C)1994-2012 M2 COMMUNICATIONS http://www.m2.com
Technology solution provider HP (NYSE:HPQ) on Wednesday reported GAAP net earnings of USD1.6bn, or diluted EPS of USD0.80 per share, for the second quarter of 2012.
This was in comparison with GAAP net earnings of USD2.3bn, or diluted EPS of USD1.05, in the second quarter of the prior year, representing a 31% and 24% decline in net earnings and diluted EPS, respectively.
It was also above the previously provided outlook of GAAP diluted EPS of USD0.68 to USD0.71 for the quarter.
Net revenues for the …