HP Inc (NYSE: HPQ) reported lower 2Q16 earnings hurt by lower revenue and higher restructuring charges. HPQ said net income from continuing operations fell 10% to $660MM, or $0.38 per share from $733MM, or $0.40 per share a year ago. Revenue fell 10.7% to $11.59Bil. Excluding items, HPQ earned $0.41 per share.

1. HP Inc. Earnings Highlights2016Q2
Net Revenue
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(All the comparisons are year-over-year basis, unless otherwise stated.)
APAC
EMEA
Americas
11%
6%
13%
Quarterly Performance
$11.6Bil
11%
Personal Systems Printing
$3.83Bil
$2.4Bil
$0.46Bil
Notebooks Desktops
Workstations
$3.09Bil
$1.22Bil
$0.31Bil
Supplies Commercial Hardware
Consumer Hardware
10%
Net Revenue
Total Units
9%
16%
Net Revenue
Total hardware
units
16%
NET INCOME
$629MM
38%
EPS
$0.38
5%
“This quarter we delivered strong results and solid progress towards our long
term strategy. We achieved our operational objectives, unleashed truly amazing
innovations, and grew in strategic areas of our business, despite tough market
conditions. I’m confident in our ability to execute and remain committed to our
plan for growth.”
- Dion Weisler, CEO
Geographic Revenue Growth Outlook
3Q16 FY16
Non-GAAP diluted net EPS
GAAP diluted net EPS
Non-GAAP diluted net EPS
GAAP diluted net EPS
$0.37-0.40
$0.34-0.37
$1.59-1.65
$1.52-1.58
10%
8%
13%
16%
11%
31%