HP Beats Expectations With Revenue of $28.36B, $1.2B Earnings And EPS Of $0.82 For Q1 2013

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http://techcrunch.com – HP just released its Q1 2013 earnings report and for once, the company beat analyst expectations: revenue was once again down 6% to $28.4 billion, but still higher than most analysts expected. The company reported an income of $1.2 billion and EPS of $0.82. Last quarter, HP still reported earnings of $30 billion and a net loss of $6.9 billion after its $8.8 billion write-down due to alleged accounting fraud at Autonomy prior to HP acquiring the company. The stock market is reacting very positively to this news. HP’s stock is currently trading at $18.35 in after-hours trading, up $7.3%. T (IT news)