HP Reports Modest Revenue Decline; Imaging and Printing Group Hit Harder

HIGHLIGHTS:

* Net revenue of $27.5 billion, down 2% from the prior year and up 4% in constant currency

* GAAP operating profit down 14% to $2.2 billion; GAAP earnings per share $0.67, down from $0.80 a year earlier

* Non-GAAP operating profit up 8% to $3.0 billion; non-GAAP earnings per share $0.91, up from $0.86 a year earlier