HP Q2 2013 financials: $1.1 billion in profits on revenue of 27.6 billion, earnings down 32 percent
HP just posted its Q2 financial report, and despite somber news of falling profits and revenue, the company managed to beat consensus estimates and the stock has jumped more than 10 percent in after-hours trading. As for concrete figures, HP pulled in $1.1 billion in profit, which is down 32 percent from just one year ago. Revenue of $27.6 billion reveals a similar story, which is down 10 percent year over year.
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Source: HP
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