Monday, November 22, 2010
HP Beats The Street; Q4 Revenue Up 8 Percent To $33.3 Billion
HP narrowly beat analyst expectations for Q4 earnings today, posting�net revenue of $33.3 billion, up $2.5 billion or 8% from a year earlier. Non-GAAP diluted EPS was $1.33, up 17% from $1.14 in the prior-year period.��Analysts expected�revenue of $32.75 billion and earnings of $1.27 a share. For the quarter, non-GAAP operating profit was up 10% to $4.0 billion. For the 2010 fiscal year, net revenue came in at $126 billion,�up 10% or $11.5 billion. The company said the yearly increase in revenue was spurred by �growth in the�commercial PC Clients and Printers �segments of 20% and 22%, respectively, in the fourth quarter.