Hewlett-Packard (HPQ) reported fiscal first quarter earnings and revenue Thursday that exceeded analyst predictions.
Shares of the world's leading PC maker popped more than 6 percent after
the closing bell, following the news. What is Hewlett-Packard's stock
doing now? (Click here for the latest after-hours quotes (HPQ).)
Earnings excluding items decreased to 82 cents per share from 92 cents a share in the year-earlier period.
Revenue eased to $28.36 billion from $30.04 billion a year ago.
Analysts had expected earnings of 71 cents a share on $27.79 billion in revenue, according to a consensus estimate from Thomson Reuters.
(Read more: HP Working on Android Tablet: Reports)
"I feel good about the rest of the year," CEO Meg Whitman said in a statement. "We'll be bringing a number of new programs and disruptive innovations to market in the coming quarters, and we expect the benefits from our restructuring will accelerate through fiscal 2013."
For the second quarter, HP said it expects earnings to be between 80 and 82 cents a share, compared to expectations of 77 cents a share.
For the full year, HP expects to earn between $3.40 and 43.60 a share. Analysts currently expect $3.32 a share.
(Read more: 20 Stocks With the Potential to Pop)
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