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.
