EmailHewlett-Packard (HPQ $25.69 -1.17) reported fourth quarter earnings of $1.17 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $1.13.
Revenues fell 3.5% year/year to $32.12 billion versus the $32.12 billion consensus.
The company issued downside guidance for the first quarter with EPS of $0.83-0.86, excluding non-recurring items, versus the $1.12 consensus, The company issued downside guidance for fiscal year 2012 with EPS of at least $4.00, excluding non-recurring items, versus the $4.69 Capital IQ Consensus Estimate.
In the Americas, fourth quarter GAAP net revenue was $14.5 billion, down 4% year/year and down 5% when adjusted for the effects of currency. Non-GAAP net revenue in the Americas was $14.6 billion, down 3% year over year and down 4% when adjusted for the effects of currency. Europe, the Middle East and Africa GAAP revenue of $11.7 bln was down 6% year over year and down 10% when adjusted for the effects of currency.
