Hewlett-Packard Co. (NYSE: HPQ) seems to be drafting its own obituary, based on the reaction to its earnings report. Actually, the real issue is its old acquisition of Autonomy.
The PC and IT-services giant has reported full-year earnings of $4.05 per share but a GAAP loss of $6.41 per share, with a 5% drop in revenue to $120.4 billion. The company’s fourth-quarter non-GAAP earnings per share (EPS) of $1.16 is down 1% from a year ago as its revenue fell 7% to $30.0 billion. Thomson Reuters had estimates of $1.14 EPS on $30.4 billion in revenue. Cash flow from operations was up 69% to $4.1 billion.
For the first quarter of fiscal 2013, HP estimates non-GAAP diluted EPS to be in the range of $0.68 to $0.71 and GAAP diluted EPS to be in the range of $0.34 to $0.37. For the full year fiscal 2013, HP estimates…
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