Hewlett-Packard released its fourth quarter results today, revealing earnings per share of $0.92 on revenue of $26.8 billion. Analysts had expected earnings per share of $0.91 on revenue of $27.34 billion.
“We grew operating profit margins across all of our major business segments, increased investment in innovation, and executed well across key areas of our portfolio and in our separation activities,” said CEO Meg Whitman in the earnings report.
Despite Whitman’s enthusiasm, Hewlett-Packard stock has dropped 5.5 percent in after-hours trading.
Overall the company’s revenues are down 5 percent year over year, which could be part of what caused the dive in HP’s stock price.