Industry News, Ink Manufacturers News, Printers News

HP Reports Q2 Profit, Restructuring to Cut More Positions

Previously estimated number of eliminated positions will increase by between 11,000 to 16,000

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

HP announced financial results for its fiscal 2014 second quarter ended April 30, 2014.   Second quarter GAAP diluted net earnings per share (EPS) was $0.66, up from $0.55 in the prior-year period and within its previously provided outlook of $0.62 to $0.66. Second quarter non-GAAP diluted net EPS was $0.88, up from $0.87 in the prior-year period and within its previously provided outlook of $0.85 to $0.89.   Second quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax cos...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters