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HP reported its last quarter earnings

  • net revenue down 2.1% to $14.3 billion
  • earnings per share was $0.52, down from $0.78 for third-quarter 2019
  • Net earnings down 37.7% to $0.7 billion
  • Printer/MPF division net revenue down 20% to $3.933 billion
    • 2% operating margin
    • Total hardware units were down 2%
      • Commercial hardware units down 32%
      • Consumer hardware units up 3%
    • Supplies net revenue was down 19%
    • Operating profit was $480 million
    • Managed print services (MPS) saw a 25% page-volume decline during the quarter.
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