HP Q2 Earnings Fall, Beat Estimates

For the second quarter, net revenue of $27.6 billion was down 10 percent year over year and down 9 percent when adjusted for the effects of currency.

"We beat the upper end of our non-GAAP diluted EPS outlook for the quarter by $0.05 per share, driven by better than expected performance in Enterprise Services and Printing, coupled with the accelerated capture of restructuring savings and improvement in our operations," said Meg Whitman, HP president and chief executive officer.