HP first quarter sales increased 13% to $28.5 billion and earnings increased 38% to $2.1 billion. The sales increased 8% after adjusting for currency. Operating margin increased to 9.2% from 7.3% from a year ago. Earnings per share increased 45% to 88 cents from 55 cents in the previous year. HP estimates second quarter revenue between $27.7 billion to $27.9 billion and diluted earnings per share to be approximately $0.77 to $0.78. |
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