HP reports $30.7 billion revenue, up 11 percent
Hewlett-Packard was right where Wall Street expected when it reported third-quarter revenue of $30.7 billion Thursday.
The $30.7 billion in revenue is an increase of 11.4 percent from the same quarter a year ago. The PC maker also reported net earnings of $1.7 billion, or 75 cents per share, excluding costs related to a legal settlement and taxes.
That's exactly what HP said it would report when it previewed its third-quarter earnings earlier this month--the same day it announced CEO Mark Hurd was resigning. Wall Street was looking for revenue between $29.7 billion and $30.7 billion.
