The Good News (and Bad) About HP's Q2
Revenue fell short of estimates due to a marked decline in PC sales. As a recap, for the three-month stretch ending in April, HP turned $12.9 billion in revenue into an adjusted per-share profit of $1.07. The bottom line beat estimates of $0.76 per share, although it still slumped 31% from the year-ago second quarter's comparison of $1.20.